LIC IPO: The Life Insurance Corporation of India's much-anticipated first public offering (IPO) is expected to open for subscription on May 4th. The Securities and Exchange Board of India (SEBI) approved the Life Insurance Corporation of India's (LIC) initial public offering application last month. The company has submitted the Draft Red Herring Prospectus to the Securities and Exchange Commission.
Twitter CEO Parag Agrawal conducted a video all-hands conference Monday afternoon to discuss the company's decision to sell to billionaire Tesla CEO Elon Musk, who was noticeably absent from the call.
Proceeds from the insurer's stake sale might set the tone for the sale of other government assets.
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