Government Chooses SBI Capital and Deloitte to Kick-off LIC's IPO

To get the ball rolling for LIC's Initial Public Offering (IPO), India has appointed Deloitte Touche Tohmatsu India Ltd and SBI Capital Markets Ltd as advisors. According to sources, the bidding process for the valuation of Life Insurance Corporation (LIC) will soon get started. Reportedly, the firms appointed will advise the government on the capital structure and the financial statement of the LIC.