Citigroup News

10 banks selected by govt to manage LIC IPO: Reports

10 banks selected by govt to manage LIC IPO: Reports

The government has selected 10 investment banks including Goldman Sachs, Citigroup, and SBI Capital Market to handle the initial public offering of Life Insurance Corp of India, two government sources said, in what is set to be the country’s biggest-ever IPO. The government expects to raise Rs 80,000 crore-90,000 crore