Sebi relented on three to four major grounds -- size of the IPO, valuation being cut in half, anchor investor lock-in and refiling of papers.
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Mumbai: It takes a village to raise a child. This fits perfectly in the case of the public listing of insurance behemoth Life Insurance Corp of India (LIC). The entire ecosystem of regulators, government, and merchant bankers came forward to ensure the IPO, India's biggest till date, sees the light of the day.