Categories: Banking

Govt appoints 10 merchant bankers for managing IPO of LIC

The government of India has appointed 10 merchant bankers for managing the Initial Public Offering of Life Insurance Corporation of India (LIC). The IPO of LIC is likely to be launched in the January-March quarter of 2022. The role of merchant bankers in the case of IPO is of Issue management, Promotional activities, Credit syndication, Project counselling, and Portfolio management, etc.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

The name of these merchant bankers are:

Goldman Sachs (India) Securities
Citigroup Global Markets India
Nomura Financial Advisory and Securities India
SBI Capital Market
JM Financial
Axis Capital
BofA Securities
JP Morgan India
ICICI Securities
Kotak Mahindra Capital Co Ltd.

Find More Banking News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.