The country’s biggest IPO, the share sale of Life Insurance Corp. of India, went off smoothly with an enthusiastic response from retail investors, compensating for the somewhat muted response from institutional investors. The Adani group, whose companies have been soaring on the bourses, is eyeing the healthcare business even as it put in a bid for the cement assets of Holcim in India. In the meantime, the Future-Amazon imbroglio doesn’t appear to be ending soon, with the US MNC now considering impleading RIL in its legal battle with its erstwhile partner. Finally, Biki Oberoi, the doyen among hoteliers in India, retired as chairman of the Oberoi group, while Tata Steel brought more joy to the markets by announcing a stock split.
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