State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator to sell 5% of its shares to potentially raise nearly $8 billion, dwarfing the biggest IPO in Asia's third-largest economy by a considerable margin.
The offering is crucial to the Narendra Modi-led government's efforts to meet its sharply trimmed divestment target for the current financial year and will provide a measure of the success of the government's pro-market policies.
The IPO is seen as a test of investor appetite for new offerings, with a number of companies that listed last year now trading below their offer prices on concerns over lofty valuations and looming increases to interest rates by global central banks fighting inflationary pressures.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
India hopes to replace diesel with green energy in its farms by 2024India is hoping to cut diesel use by farms to zero and migrate the agriculture sector to renewable energy as early as 2024, the Power Ministry said on Friday, as a part of its broader plan to transition to cleaner energy sources.
Les mer »
India Legalizes Crypto: Digital Rupee CBDC and Taxation of Virtual Digital Assets Explained Simply | HackerNoon'India Legalizes Crypto: Digital Rupee CBDC and Taxation of Virtual Digital Assets Explained Simply' by utsav_jaiswal1 crypto india
Les mer »
In India, comedians can face arrest for making the wrong kind of jokesWhile comedy can be polarizing all over the world, in India telling jokes about Hinduism or being associated with someone who insults the majority faith can be enough to prompt legal action.
Les mer »
Why India Isn’t Buying NFTs (Yet)Interviews with Indian NFT platforms reveal a mismatch of NFT supply and demand. While many Indian artists, Bollywood celebrities and sports stars have launched NFTs, there's a lack of collectors to buy the offerings, says tanvi_ratna. Opinion NFTs
Les mer »
Never Use This Product If You Have Crow's Feet — Best LifeIf you have crow's feet, there's a certain beauty item you shouldn't use. Here's the one product you'll want to avoid, experts say.
Les mer »
The Most Dangerous Area to Get Filler— Best LifeGetting filler in a certain part of your body can be riskier than others. The forehead area is the most dangerous area to get filler.
Les mer »