Sovereign Investors Plan to Back India’s Biggest Ever IPO

28th April, 2022
The Abu Dhabi Investnent Authority (ADIA), Singapore’s GIC and Norway’s Norges Bank Investment Management (NBIM) are among those engaged in talks as potential anchor investors in the floatation of government-owned Life Insurance Corporation of India (LIC), reports Bloomberg.The IPO is set to raise INR210 billion (USD2.7 billion) from the sale...
The Abu Dhabi Investnent Authority (ADIA), Singapore’s GIC and Norway’s Norges Bank Investment Management (NBIM) are among those engaged in talks as potential anchor investors in the floatation of government-owned Life Insurance Corporation of India (LIC), reports Bloomberg.The IPO is set to raise INR210 billion (USD2.7 billion) from the sale...

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