BUSINESSAug 4 · 12:26 UTCBLOOMBERGRajesh Mascarenhas, Ashutosh Joshi and Shruti Srivastava

India Expands LIC Share Sale to $3.3 Billion on Strong Demand

India expanded its share sale in the state-run insurance giant, Life Insurance Corporation (LIC), to raise $3.3 billion after the base offer was oversubscribed. The move aims to bolster public finances amid challenges posed by high oil prices.

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