Posted inIndia

India’s top insurer sets price band for share sale

The Indian government’s move to offload a stake in the state-owned insurer Life Insurance Corporation moved a step closer after the government decided on the price band and discounts. The price band has been fixed at 902-949 rupees per share (US$11.76-$12.38) for the 210-billion rupee ($2.74 billion) initial share sale for the valuation of 6 […]

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