 "LIC IPO")
Sovereign wealth funds from Norway, Singapore and Abu Dhabi have committed to be anchor investors in the initial public offering of Life Insurance Corporation of India, according to people with knowledge of the matter.
Norges Bank Investment Management, GIC Pte and Abu Dhabi Investment Authority will be among the anchor names due to be announced Monday, the people said, asking not to be identified before an official announcement.
Representatives for ADIA, LIC and Norway’s wealth fund declined to comment. A message and call to GIC weren’t immediately answered outside of business hours in Singapore Thursday. An Indian Finance Ministry spokesperson couldn’t
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