Overview
- The share sale is tentatively slated for the week beginning October 6, aiming to raise around ₹11,500 crore, according to people familiar with the plan.
- SEBI has cleared the updated draft prospectus, and LG is preparing to file the final document next week, according to the reports.
- The transaction is a parent stake sale, with the December 2024 filing outlining 10.18 crore shares representing about 15 percent.
- Bookrunners include Axis Bank and the Indian units of Morgan Stanley, JPMorgan, BofA Securities and Citigroup, as listed in the prospectus.
- The size and launch date could still change, while the offering would likely rank as India’s third billion‑dollar IPO of 2025.