16 merchant bankers in race for managing LIC IPO
The Hindu
The Cabinet Committee on Economic Affairs had last month cleared the initial public offering proposal of LIC
As many as 16 merchant bankers are in the race to manage the initial public offering (IPO) of Life Insurance Corporation of India (LIC) — touted to be the biggest share sale in the country's history. These bankers will be making a presentation before the Department of Investment and Public Asset Management (DIPAM) spread over 2 days — August 24 and 25. Seven international bankers, including BNP Paribas, Citigroup Global Markets India and DSP Merrill Lynch Ltd. (now known as BofA Securities), will make presentations on August 24, as per a circular by DIPAM.
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