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Bankers Kept in Dark on LIC’s Unusually Fast $3.3 Billion Deal

India’s plan to sell more shares in its insurance giant was no secret. But the government surprised the market by how much it raised and the pace of the deal.

This article was originally published by Bloomberg Markets and is republished here under license.

India’s plan to sell more shares in its insurance giant was no secret. But the government surprised the market by how much it raised and the pace of the deal.

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