LIC receives commitment from 5 MFs, aims 70 lakh retail applications

​​Earlier, the government decided to reduce the valuation of LIC of India while downsizing the share sale. "Investors drew confidence after such reduction, as they are keen to bet," said head of a mutual fund house. An individual can apply for shares up to Rs 2 lakh. The minimum benchmark is set at Rs 25,000 crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/v1oOHA2