In today’s briefing:
- Life Insurance Corporation of India IPO – Valuation Is Ok but Its Not the Best Deal Structure
Life Insurance Corporation of India IPO – Valuation Is Ok but Its Not the Best Deal Structure
- Government of India (GoI) is looking to raise around US$2.7bn via selling a 3.5% stake in Life Insurance Corporation of India (LIC) in its upcoming India IPO.
- This is less than half of its initial plans in terms of fundraising target and comes at less than half of its initial valuation target.
- In this note, we will talk about the final deal terms and structure, RHP updates and do a quick valuation refresh.
Before it’s here, it’s on Smartkarma
