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LIC IPO: State-run insurer seeks ₹65,400 cr from listing as roadshows start

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LIC IPO: State-run insurer seeks ₹65,400 cr from listing as roadshows start

The Indian life insurer intends to raise about 654 billion rupees ($8.7 billion) through the IPO, according to people familiar with the matter.

Shares in the state-owned insurer could be priced between 2,000 and 2,100 rupees, with some retail investors set to receive rebates, the people said, asking not to be named because the deliberations are private. They added that the offering is scheduled to take place between March 10 and 14 if regulatory approvals are obtained in time.

A roadshow has already begun and pricing could change after evaluating investor interest and negotiating with the government that owns the LIC, the people said.

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According to budget estimates, Prime Minister Narendra Modi’s government needs about 63,000 crore to meet its asset sale target by the end of March. India is pushing ahead with the country’s largest initial public offering, a tall order made more difficult for investors due to inflation concerns and a challenging global market.

LIC is aiming to distribute 16.940 billion pounds of shares to anchor investors on March 9, the people said.

A representative for LIC did not immediately respond to an email seeking comment.

Complete News Source : Mint

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Stephanie Hsu and Zosia Mamet talk about their new series Laid, and some of the horrors of dating as millennials.
Imagine a scenario where anyone and everyone you have ever been intimate with begins to die one by one. Is it a curse? If yes, then who is cursed? These are questions that Stephanie Hsu‘s Ruby battles with in the new zany comedy, Laid. Ahead of the show’s release, Stephanie and co-star Zosia Mamet spoke exclusively with HT about their roles, the show’s unique premise, and the horrors of dating as millennials. (Also read: Dune: Prophecy star Emily Watson on working with Tabu: ‘She is a true treasure’)

Stephanie Hsu on her character’s flawed morality

Laid, created by Nahnatchka Khan and Sally Bradford McKenna, is the story of Ruby (Stephanie Hsu), who discovers that all her sexual partners are dying one by one, and she must warn them. Helping her in this unique quest is her best friend AJ (Zosia). The fun thing about Laid is that the protagonists are not the usual likeable characters. “She is totally an anti-hero of our story. I really love that,” says Stephanie, referring to Ruby’s moral greyness. “I am not a perfect person and I love playing flawed characters. But it was difficult. The creators told me that she is a total narcissist. But narcissists don’t think they are one, so I had to figure out a way to love her. For me, playing Ruby was about getting into her psychology and finding the innocent part of her – which is that she just wants love,” the actor adds.

While sitcoms usually add the best friend as the voice of reason trope, Laid diverges from that, with AJ even zanier and more morally ambiguous than Ruby. Talking about playing such a colourful character, Zosia Mamet says, “When you play not-so-likable or zany characters, people don’t believe they are that way. I don’t think AJ wakes up every morning and thinks, ‘I am absolutely crazy’. It’s about trusting the writing and finding an organic way into these characters to make them seem grounded, real, and relatable.”

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Stephanie, Zosia reveal the worst gifts they received from partners

In Laid, Ruby gives the gift of death to the men she is with, even if that is inadvertent. Ask the women about the worst ‘gift’ a partner has ever given them, and the discussions veer into the unusual horrors of modern-day dating. “I got a vintage wooden duck decoy from someone. It was broken, and I thought, ‘What does this say about our relationship?’. They didn’t know me well enough to know if I’d want this but also that they gave me something old and ailing,” Zosia says with a laugh.

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