Government appoints ten merchant bankers to manage Initial Public Offering of LIC

The government has appointed ten merchant bankers including SBI Capital Market Limited, Goldman Sachs (India) Securities, Citigroup Global Markets India and Nomura Financial Advisory and Securities India to manage the Initial Public Offering (IPO) of Life Insurance Corporation of India (LIC).

In a tweet, Secretary, Department of Investment and Public Asset Management (DIPAM) Tuhin Kanta Pandey said that Government has finalised the book running lead managers and some other advisors for the IPO of LIC.

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