71% of LIC anchor allotment made to domestic MFs
LIC, raised Rs 5,627 crore from anchor investors ahead of its mega initial public offering (IPO), with 71 percent of Read more
Life Insurance News
LIC loses Rs 46,520 crore on debut listing
LIC lost Rs 46,520 crore in value, as the market capitalisation (m-cap) on its market debut. The stock fetched an Read more
Can LIC stock prove to be a good long-term bet?
LIC made a less than expected debut on bourses as the stock listed at a discount, hurting all categories of Read more
LIC listing to boost transparency, and its credit profile
As a listed company, LIC will face more demanding disclosure requirements, resulting in increased transparency over its operations, and encouraging Read more
Sebi may postpone implementation of tougher norms for LIC IPO
Sebi has proposed to postpone the implementation of tighter anchor investor norms for large IPOs. Bankers said the move is Read more
LIC IPO set to open May 04, price band likely at Rs 902-949/share
Life Insurance Corporation (LIC) has fixed the price band for its initial public offer (IPO) at Rs 902-949 a share. Read more
Life insurance companies new business premium rise 37% in March
Life insurance companies have recordedanincrease of 37 percent in new business premiums (NBP) to Rs 59,608.92 crore in March 2022, Read more
Government approaches foreign sovereign, pension funds to be anchor investors in LIC public issue
The Central Government has approached the sovereign wealth and pension funds to be anchor investors for the upcoming public issue Read more
LIC chairman’s term extended by a year
The Centre has extended the term of the incumbent Chairman MR Kumar by one more year. This is expected to Read more
LIC Board approved minimum 3.5% stake dilution via IPO, can raise limit to 5%
The Board of Life Insurance Corporation (LIC) of India is learnt to have agreed on diluting 3.5% stake in the Read more
