LIC Share Sale Sees Tepid Retail Demand After India Upsized Deal

Retail investors largely stayed on the sidelines in India’s share sale in Life Insurance Corp., signaling uneven demand a day after strong bids from institutions led the government to increase...

By Ashutosh Joshi · Bloomberg Markets

Retail investors largely stayed on the sidelines in India’s share sale in Life Insurance Corp., signaling uneven demand a day after strong bids from institutions led the government to increase the offering’s size to $3.3 billion.