Government appoints 10 merchant bankers to manage LIC's IPO

Government appoints 10 merchant bankers to manage LIC's IPO

Daily Current Affairs   /   Government appoints 10 merchant bankers to manage LIC's IPO

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Category : National Published on: September 10 2021

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·         The Government of India has appointed 10 merchant bankers to manage the Initial Public Offering of Life Insurance Corporation of India (LIC).

·         LIC's IPO is likely to launch in the January-March quarter of 2022.

·         In case of IPO, the role of merchant bankers is issue management, promotional activities, credit syndication, project counseling and portfolio management etc.

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