- Anchor Investors, who are considered to generate confidence among the retail investors, have invested 5,600 crore rupees since the IPO was first opened for them.
- The Securities market regulator SEBI had easies the norms for conducting the IPO of LIC by allowing below threshold liquidation of company shares (i.e 3.5%, instead of 5%).
- Major foreign investors who contributed under the Anchor Investors category are - CPPIB, CDPQ, Brookfield, KIA, NORGES, etc, in addition to the domestic investors. The share price has been kept at 949 rupees per issue.
Question:
Q.1 How much has LIC been able to raise through Anchor Investors?a. 5,000 crore INR
b. 5,600 crore INR
c. 3,400 crore INR
d. 2,800 crore INR
