It's a secret: LIC’s $3.3 bn deal kept bankers in dark
Synopsis LIC OFS: The Indian government raised $3.3 billion by selling additional LIC shares in the country's biggest secondary stock offering after executing a tightly
Synopsis LIC OFS: The Indian government raised $3.3 billion by selling additional LIC shares in the country's biggest secondary stock offering after executing a tightly guarded stake sale. Officials kept the launch secret, accelerated the timeline, and expanded the offer following strong institutional demand. The sale lifts LIC's public shareholding to 10%, meeting SEBI's listing requirement well ahead of the 2027 deadline.
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