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India's LIC to go public at top end of price range

Country's largest-ever share listing will be at 949 rupees

LIC's shares were nearly three times oversubscribed, led by strong demand from small investors including policyholders, employees and retail investors.   © Reuters
SAYAN CHAKRABORTY, Nikkei staff writer | India

BENGALURU -- Indian state-owned insurer Life Insurance Corporation of India (LIC) on Friday priced its shares at 949 rupees ($12.30), the top end of its marketed range of 902 rupees to 949 rupees.

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