India is expected to begin formal marketing next month for a planned share sale in Life Insurance Corporation of India that could raise as much as 100 billion rupees, or about $1 billion. The article points to a large government-led equity offering in an emerging market, but provides no pricing, timing, or demand details yet. Market impact is likely limited unless the sale terms materially change investor appetite for LIC or Indian privatization activity.
India is expected to begin formal marketing next month for a planned share sale in Life Insurance Corporation of India that could raise as much as 100 billion rupees, or about $1 billion. The article points to a large government-led equity offering in an emerging market, but provides no pricing, timing, or demand details yet. Market impact is likely limited unless the sale terms materially change investor appetite for LIC or Indian privatization activity.
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