India hires Goldman Sachs & JPMorgan for work on nation’s biggest IPO – reports ...News

India’s largest insurance company Life Insurance Corp (LIC) is preparing for an IPO next year with a listing value of over $250 billion. Goldman Sachs, JPMorgan Chase, and ICICI Securities have been chosen to work on the sale. Among other banks picked to work on what is set to be India’s largest initial public offering are Kotak Mahindra Capital, JM Financial, Citigroup and Nomura Holdings. They were selected after 16 investment firms applied to the country’s government, which holds a stock of LIC shares, Bloomberg reported, citing people familiar with the matter. The information, however, hasn’t been made public yet and no official co

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