LIC may invest in Zomato IPO; all you need to know
Zomato rescheduled its IPO to July 14 from the earlier date of July 19 on the back of strong interest from investors
Zomato IPO has caught the attention of state insurer LIC
BusinessToday.In
Updated Jul 12, 2021, 8:25 AM IST
Food delivery platform Zomato’s upcoming initial public offering (IPO) has caught everyone’s attention -- the latest being state owned insurer Life Insurance Corporation (LIC). LIC is reportedly weighing a bid for the online delivery platform’s shares in the IPO that will be launched this week.
LIC usually invests in secondary markets unless the public issue is part of the government’s disinvestment programme. People aware of the matter told Livemint that the state insurer will bid for shares in Zomato’s IPO.