India proposes LIC listing in $12.6bn fundraise

The Indian government has proposed to sell off part of its ownership of the country’s largest insurer, Life Insurance Corp (LIC), as it looks to generate 900bn rupees ($12.59bn) through stake sales in the banks and financial institutions owned by the state.

 

Want to read this article?

 

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Andy Stone

Sales manager

+44 (0) 77 4160 9204

andy.stone@wbmediagroup.com

    Ricky Lamey

    Business development executive

    ricky.lamey@thomsonreuters.com