GK and monthly revision

NSE IPO: Temasek, LIC said to plan share sales in nearly Rs 23,000 crore issue

Temasek Holdings and Life Insurance Corporation of India are planning to sell shares in the National Stock Exchange of India's upcoming IPO, which is expected to raise around Rs 23,000 crore. State Bank of India and SBI Capital Markets will also participate in the offering, which will see existing shareholders sell 4-4.5% of the company's equity. This is a significant development as the NSE IPO is one of the biggest in recent times and will provide investors an opportunity to invest in India's leading stock exchange.