🏦Norges Bank, Singapore sovereign wealth fund GIC subscribe to anchor book: local MFs also come in as investors (#Kotak, #HDFC Mutual fund, #ICICI, SBI)
🧵2
🧵2
💳The #government is selling 22,13,74,920 shares in Life Insurance Corporation (#LIC) at a price band of Rs 902-949 a share, targeting to raise about Rs 21,000 crore.
🧵3
🧵3
🎯The issue would be open for subscription for institutional and retail buyers from May 4-9
🧵4
🧵4
💰Retail investors and LIC employees will get a discount of Rs 45 per share, LIC #policyholders bidding in IPO would get a discount of Rs 60 a share.
🧵5
🧵5
💷The LIC share sale would be the biggest ever amount raised through an initial public offering in
the Indian #stockmarket.
🧵6
the Indian #stockmarket.
🧵6
🪙LIC would start trading on the stock exchanges on May 17.
Source: Economic Times
🧵7
Source: Economic Times
🧵7
• • •
Missing some Tweet in this thread? You can try to
force a refresh
