The Indian government is planning to sell a stake worth $1-1.5 billion in Life Insurance Corp (LIC) by year-end to increase its public float to 10%. Roadshows are expected soon to gauge investor demand for the sale, which will be conducted in multiple tranches to avoid impacting the stock price.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj