Life Insurance Corporation’s Initial Public Listing Is India’s Largest Ever
In 2019, Saudi Arabian Oil Co (Aramco) launched the world’s biggest Initial Public Offering (IPO). This enabled the Saudi government to raise $25.6 billion while diluting just 1.5% stake, at a valuation of $1.7 trillion. Soon, the Indian government plans to divest 5% equity for $8.7 billion in the insurance giant Life Insurance Corporation (LIC).…
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