Indian government said to have fixed price band for LIC IPO

Indian government said to have fixed price band for LIC IPO

Life Insurance Corporation of India | Image from the corporation's official website

The Indian government has set a price band for Life Insurance Corporation’s (LIC) initial public offering (IPO) of 902 to 949 Indian rupees ($11.77 to $12.39) per share, a source directly involved with the IPO told Reuters.