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It has urged to finish LIC’s vetting course of in lower than three weeks as an alternative of the standard 75 days
The Indian authorities has requested regulators for a swift evaluate of Life Insurance coverage Company’s draft prospectus, two authorities sources with information of the matter stated — because it pulls out all stops to have the nation’s greatest IPO accomplished by the tip of March.
The Securities and Trade Board of India (SEBI) has been urged to finish its vetting course of in lower than three weeks as an alternative of the 75 days it often requires, they stated.
“We have now 10 bankers for the deal. They’re accessible 24/7 for any questions SEBI might need,” stated one of many officers, including {that a} ‘clear’ draft prospectus could be submitted.
Supply- thehindu