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LIC's embedded value likely at $150 billion, says report.
Through the LIC IPO, the government is looking to raise between Rs 40,000 crore ($5.4 billion) and Rs 1 trillion. The Centre has selected 10 banks, including Kotak Mahindra Bank Ltd, Goldman Sachs Group Inc., JPMorgan Chase & Company and ICICI Securities Ltd, to arrange the sale.
 

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