INSUBCONTINENT EXCLUSIVE:
LIC's initial public offering is expected to obtain regulatory approval by the first week of March.Sydney/New Delhi: A public offering of
shares by India's state-run Life Insurance Corp (LIC), set to be the country's biggest ever at $8 billion, is expected to open for
anchor investors on March 11, three sources with direct knowledge of the matter told Reuters.The book will open for bidding by other
investors a couple of days later, the sources said.LIC's initial public offering (IPO) is expected to obtain regulatory approval by the
first week of March after which an indicative marketing price band will be set, said the sources, declining to be named as the deal
discussions are private.LIC declined to comment
A finance ministry spokesperson did not immediately respond to a Reuters request seeking comment.
