LIC IPO: Govt plans to tap around 180 investors in mega roadshows

As many as nine virtual roadshows being held daily over 20-day period

For the road shows of Life Insurance Corporation of India’s (LIC’s) listing, the government will approach large investors who have not yet anchored any Indian initial public offering (IPO) and those who focus only on large public offerings, officials in the know said. The government is trying to connect with more than 180 investors.

As the government prepares for the biggest-ever public listing in India, virtual road shows with investors have started, officials said. The government through its battery of investment bankers will approach the sovereign wealth fund Qatar Investment Authority (QIA), which has not acted as an anchor investor in