Norges Bank investment Management, GIC Pte, and Abu Dhabi Investment Authority have committed to the LIC IPO but the names are yet to be officially announced, Bloomberg reported.
The IPO will open on May 2 for anchors and will run from May 4-9 for the public.
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LIC, on course for its Rs 21,000 crore IPO, aims to raise up to Rs 5,630 crore at the upper price of the IPO price band from anchors. The firm has reserved around 59.29 million shares for the anchor portion.looking to confirm participation from foreign sovereign and pension funds that had earlier indicated interest in the public offer.