Chairman and CEO Koo Kwang-mo of parent group, LG Corp, likely to visit India this month.The proposed Rs 15,000 cr public offering would position it alongside companies like LIC, Hyundai Motor, Paytm and Coal India in launching mega IPOs on the domestic benchmark indices
New Delhi: The filing of a draft red herring prospectus (DRHP) by Life Insurance Corporation of India (LIC) has created a “positive buzz in the air” and the public issue will be a very positive development in the history of the country’s largest insurer, Union Finance Minister Nirmala Sitharaman said on Monday. Addressing a media […]
"This is incorrect. Wouldn't typically comment on speculation, but had to in order to stop the barrage of phone calls from the press and friends/family. Back to work," he tweeted.
According to the DRHP filed, the IPO is a fresh issuance of up to 40,00,000 shares and an offer for sale of up to 82,24,270 shares from promoter and investor selling shareholders aggregating up to 12,224,270 equity shares of face value of Rs 10 each.
