Govt raises $2.7 billion as LIC prices IPO at Rs 949; listing next week

Govt raises $2.7 billion as LIC prices IPO at Rs 949; listing next week

Life Insurance Corporation of India shares have been priced at 949 rupees each, the state-run firm said in a prospectus filed Friday. LIC shares were offered at 902 rupees to 949 rupees apiece. Trading on the stock exchange is due to begin May 17.

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