An actuarial valuation exercise has arrived at a $150 billion embedded value for Life Insurance Corp. of India, the first such valuation done by India’s largest insurer, which is set to start road shows for its initial share sale, two people aware of the development said
India’s largest insurer has also initiated talks with several foreign investors, including pension funds, to join as anchor investors in its initial public offering, the people said.
Anchor investors are typically financial institutions that are allotted shares in a company ahead of the public offering on a discretionary basis.
