June 28, 2022

EUNews24

Latest Breaking News, European Affairs

India Insight: Narendra Modi’s Sale Of The Century

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MUMBAI, Jan 24 (Reuters Breakingviews) – Anchor, kitchen sink, fire engine, shock absorber, mop, buyer of last resort. These are just some of the unflattering descriptors used by Mumbai financiers to describe state-owned Life Insurance Corporation of India (LIFI.NS), its $500 billion of assets and the unusual government-directed role it plays in the country’s capital markets. Just exactly how, and whether, that will change after its blockbuster initial public offering is one of the big questions for both New Delhi and new investors alike.

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