India: IPO-bound LIC's embedded value set at over $66.8b, says official

India: IPO-bound LIC's embedded value set at over $66.8b, says official

State-run Life Insurance Corporation of India’s (LIC) embedded value has been finalised at more than 5 trillion rupees ($66.82 billion), a government official who is overseeing, what is expected to be, the country’s largest IPO said on Thursday.