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Life Insurance Corporation garners $71bn valuation after government sells 3.5% of group
The dominance of the Mumbai-based group is now under threat
Finance ministry official defends ‘right sized’ offering for giant state-owned insurer
Volatility challenges plans to hold country’s biggest-ever flotation in March
Government’s plan to sell 5% of state-owned insurer would be country’s biggest-ever IPO and could raise up to $8bn
Listing of LIC comes as Narendra Modi seeks funding for ambitious spending plans
Sell-off batters valuations as New Delhi seeks record IPO for state-run insurer
The property market buzz has already started in Long Island City, New York, and Crystal City, Virginia
Doubts remain over whether Delhi can slim the bloated state sector
Life Insurance Corporation buys nearly all stock in ill-timed public offering
Move casts doubt on resource group’s attempt to buy out minority shareholders in Cairn India
Insurance bill raising foreign ownership cap held hostage by politics and protectionists
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