ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
IPO

Indian insurer LIC kicks off record $2.7bn IPO

Offering subscribed 67% on 1st day, fueled by discounted shares for individual investors

Life Insurance Corp. of India held a press conference April 27 in Mumbai for its initial public offering.   © Reuters

BENGALURU -- The initial public offering of state-owned Life Insurance Corp. of India was subscribed 67% on the first day Wednesday, driven by strong interest from individuals -- retail investors, policyholders and employees -- who were offered shares at a discount.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more