SBI family, pension trust helped bridge gap in LIC's anchor book

Bankers managing the maiden equity issue may find themselves in a bit of a spot, scrounging for other investors, when they discover that the foreign institution could not bring in the money due to "technical reasons". There was such a moment in the initial public offering (IPO) of India's largest insurer Life Insurance Corporation (LIC) which closed on Monday with oversubscription from investors.

SBI family, pension trust helped bridge gap in LIC's anchor book
Bankers managing the maiden equity issue may find themselves in a bit of a spot, scrounging for other investors, when they discover that the foreign institution could not bring in the money due to "technical reasons". There was such a moment in the initial public offering (IPO) of India's largest insurer Life Insurance Corporation (LIC) which closed on Monday with oversubscription from investors.