LIC looks to raise up to ₹25,000 crore from anchor investors
Centre may line up two dozen anchor investors for mega IPO
Anchor investors are QIBs who agree to buy shares at a particular price by applying to invest at least ₹10 cr in the IPO before it opens
MUMBAI : The government plans to bring in a clutch of anchor investors to invest up to ₹25,000 crore in the shares of Life Insurance Corp. of India (LIC) in its planned mega initial public offering (IPO), said two people, including a top central government official.
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