The government has said the initial public offer of Life Insurance Corporation would be “larger than any precedent”.
The Centre on Thursday called for Request for Proposals (RFPs) to appoint merchant bankers, legal advisers, registrar & share transfer agents and advertisement agencies for the offering.
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“The potential size of the IPO is expected to be larger than any precedent in Indian markets. In order to achieve a successful IPO, it is the endeavour of the GoI to attract investment from institutional investors, both domestic and global, in addition to the retail investors,” said the RFQ document released by the Department of Investment and Public Asset Management (DIPAM).
Paytm files DRHP for Rs 16,600-cr IPO; fresh issue size at Rs 8,300 cr
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Paytm files for Rs 16,600 crore IPO
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