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LIC IPO Investors Said to Bid for Double of Anchor Book

A Life Insurance of Corporation of India office building in Kolkata, India. 

A Life Insurance of Corporation of India office building in Kolkata, India. 

Source: NurPhoto

Life Insurance of Corporation of India’s initial public offering gets bids from large investors for twice the size of the anchor book, according to people with the knowledge of the matter.

The anchor book of 56 billion rupees ($733 million) for the country’s largest public offering of 210 billion rupees will be announced on Monday.