LIC has started its roadshows to attract investors across the globe. The aim is to get the attention of big-ticket investors seeking their participation in India’s leading public issue to date.
Following fund houses has participated in the roadshow – Aberdeen Asset Management, Abu Dhabi Investment Authority (ADIA), Capital Group, California University Endowment, Government of Singapore Investment Corporation. Moreover, the following investors participated in this roadshow virtually- HSBC MF, Franklin Templeton and Standard Life.
Besides these big global investors, some of India’s leading domestic institutional investors are also participating in this roadshow. As per Government sources, they are in conversation with various domestic and international investors regarding their participation in this public issue. However, they do not want to make any public announcements till they are sure about their participation. Moreover, factoring in the current market scenario and the time constraints, they have started this process as soon as possible.
As per the draft papers, the government is planning to raise about $10 billion through this public issue. Additionally, it will also help the government to meet its disinvestment targets and fiscal digit.
