India's privatisation target cut fuels doubts over size of insurer LIC's IPO

India's privatisation target cut fuels doubts over size of insurer LIC's IPO

FILE PHOTO: A bird flies past the logo of Life Insurance Corporation of India (LIC) at one of its offices in New Delhi, India September 14, 2021. REUTERS/Anushree Fadnavis

The Indian government’s sharply scaled-back plans to sell state-run companies have raised uncertainty among analysts around the size and scale of the proposed initial public offering of giant insurer Life Insurance Corporation of India (LIC).