LIC said to lead bidding in NSE’s $2.4 billion IPO
Life Insurance Corp. of India was the biggest bidder in National Stock Exchange of India’s IPO, with strong local long-term institutional demand while retail participation stayed subdued, according to people familiar with the matter.
Life Insurance Corp. of India Ltd. ’s initial public offering, according to people familiar with the matter. The bidding points to strong demand from local long-term institutional investors, even as retail participation remained subdued.