India slashes LIC’s IPO fundraising goal in half to $3.9 billion: Report
1 min read
The drastic lowering of ambitions for the IPO – which would still be India’s largest to date – is a setback for Prime Minister Narendra Modi’s administration which had positioned the sale as the first and biggest of a wave of privatisations aimed at replenishing state coffers.The drastic lowering of ambitions for the IPO – which would still be India’s largest to date – is a setback for Prime Minister Narendra Modi’s administration which had positioned the sale as the first and biggest of a wave of privatisations aimed at replenishing state coffers.
