LIC Likely To Launch $8 Billion IPO On March 11: Report

Sydney/New Delhi: A public providing of shares by India's state-run Life Insurance Corp (LIC), set to be the nation's largest ever at $8 billion, is predicted to open for anchor buyers on March 11, three sources with direct data of the matter informed Reuters.The e book will open for bidding by different buyers a few days later, the sources stated.LIC's preliminary public providing (IPO) is predicted to acquire regulatory approval by the primary week of March after which an indicative advertising value band might be set, stated the sources, declining to be named because the deal discussions are personal.LIC declined to remark. A finance ministry spokesperson didn't instantly reply to a Reuters request looking for remark.