The Centre has asked merchant bankers to seek feedback from anchor and large investors on the valuation at which they would participate in Life Insurance Corporation of India’s (LIC) initial public offering (IPO).
Merchant bankers have been asked to submit views of investors on LIC’s valuation by as early as Monday, said an official. After merchant bankers finalise the valuation, approval would be sought from the ministerial panel comprising Union Finance Minister Nirmala Sitharaman, Transport and Highways Minister Nitin Gadkari, and Commerce and Industries Minister Piyush ...
