India Expands LIC Share Sale to $3.3 Billion on Strong Demand

India on Tuesday expanded the size of its share sale in state-run insurance giant to raise $3.3 billion after the base offer was oversubscribed, bolstering public finances amid challenges posed...

By Rajesh Mascarenhas, Ashutosh Joshi and Shruti Srivastava · Bloomberg Markets

India on Tuesday expanded the size of its share sale in state-run insurance giant to raise $3.3 billion after the base offer was oversubscribed, bolstering public finances amid challenges posed by high oil prices.