LIC woos global investors for IPO via roadshows
Date
2/15/2022 1:04:02 AM
(MENAFN- Trend News Agency)
A day after submitting of the draft pink herring prospectus,
Life Insurance Corporation of India (LIC) has commenced formal
roadshows with big-ticket global investors, looking for their
participation within the nation's largest public difficulty so
far.
Capital Group, Aberdeen Asset Management, California University
Endowment, Abu Dhabi investment Authority (ADIA) and Singapore's
GIC are among the many funds that participated in Monday's investor
roadshows, bankers and finance ministry officers advised ET. Three
Canadian pension funds, Standard Life, hsbc MF and Franklin
Templeton had been different contributors within the roadshows
being held just about resulting from Covid-19 curbs.
Some prime home institutional investors are additionally
collaborating, sources mentioned.“We have launched roadshows
formally now, although informal conversations have been happening
for some time. Being the biggest high-profile share sale, we need
to be 100% sure about the participation,” mentioned a supply cited
above.
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