Confident that LIC listing should happen by fourth quarter of this year: CEA Subramanian
3 years, 6 months ago

Confident that LIC listing should happen by fourth quarter of this year: CEA Subramanian

The Hindu  

Chief Economic Adviser Krishnamurthy Subramanian on Saturday expressed confidence that the listing of LIC would happen by the fourth quarter of this year. Bharat Petroleum and LIC's listing is also, we are confident it should happen by the fourth quarter of this year," he said. The government has recently appointed 10 merchant bankers including Goldman Sachs Securities, Citigroup Global Markets India, and Nomura Financial Advisory and Securities India to manage the mega initial public offering of country's largest insurer LIC. Mr. Subramanian, who was replying to a query on privatisation, talked about the 'Atmanirbhar Bharat' policy and the key reform of promoting privatisation vis-a-vis public sector entities except for some strategic sectors.

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History of this topic

LIC hopes to decide on stake in health insurance company by March: Report
Trending News
1 week, 4 days ago

LIC hopes to decide on stake in health insurance company by March: Report

India Today  

Life Insurance Corporation of India hopes to decide on acquiring stake in a health insurance company by the end of March, its chief executive said on Tuesday. Competition in India’s insurance business has risen in recent years as private insurers have ramped up their presence in the health insurance market to tap into growing consumer demand. LIC sells life insurance …

LIC stock needs APE growth more than a steep valuation discount to private peers
1 month, 2 weeks ago

LIC stock needs APE growth more than a steep valuation discount to private peers

Live Mint  

Shares of Life Insurance Corp. of India Ltd hit a fresh 52-week low on Tuesday, dropping to ₹793.25 apiece. LIC’s total annualized premium equivalent and value of new business declined 24% and 27% year-on-year to ₹9,951 crore and ₹1,926 crore in Q3, respectively. However, this strategy of garnering more premium income from these products with such tweaks seems to be …

LIC Q3 Results: Net profit jumps 17% to ₹11,056 crore; Net-premium income drops 8.6% YoY
1 month, 3 weeks ago

LIC Q3 Results: Net profit jumps 17% to ₹11,056 crore; Net-premium income drops 8.6% YoY

Live Mint  

LIC Q3 Results: Life Insurance Corporation of India announced its October-December quarter results for fiscal 2024-25 on Friday, February 7, reporting a rise of 17 per cent to ₹11,056 crore, compared to ₹ ₹9.444.42 crore in the corresponding period last year. LIC's net premium income moderated to ₹1,06,891 crore in the third quarter of the current fiscal compared to ₹1,17,017 …

LIC Housing Finance Q3 Update: India’s largest HFC to declare Oct-Dec quarter results on THIS date
2 months, 1 week ago

LIC Housing Finance Q3 Update: India’s largest HFC to declare Oct-Dec quarter results on THIS date

Live Mint  

LIC Housing Finance Q3 Update: LIC Housing Finance announced on Monday, January 20, that it will conduct its board meeting with the directors on Friday, January 31, 2025, at 2:30 pm to consider and declare its upcoming October-December quarter results for the current fiscal 2024-25. “We hereby give you notice of the meeting of the Board of Directors of the …

LIC clarifies on ManipalCigna stake acquisition buzz; here’s what the insurer said
4 months ago

LIC clarifies on ManipalCigna stake acquisition buzz; here’s what the insurer said

Live Mint  

Stock Market Today: Public sector insurer Life Insurance Corporation of India clarified in an exchange filing on Thursday, November 28, regarding a recent news item about a potential 50% stake acquisition in ManipalCigna Health Insurance. Business daily The Economic Times today reported that Life Insurance Corporation of India is in discussions to acquire a nearly 50% stake in ManipalCigna Health …

LIC shares up after it gets 3 years to meet minimum public shareholding norms
10 months, 1 week ago

LIC shares up after it gets 3 years to meet minimum public shareholding norms

Hindustan Times  

LIC share price today: The shares of Life Insurance Corporation of India opened at ₹934 apiece on NSE and touched an intraday high of ₹962 per share as they were up 5 per cent rise against Tuesday's close of ₹931 apiece. This comes after market regulator Securities and Exchange Board of India granted three years more years to LIC to …

LIC gets 3 more years till May 16, 2027 to meet Sebi's 10 per cent public shareholding norm
10 months, 2 weeks ago

LIC gets 3 more years till May 16, 2027 to meet Sebi's 10 per cent public shareholding norm

New Indian Express  

NEW DELHI: Life Insurance Corporation on Wednesday said markets regulator Sebi has granted an additional 3 years time till May 16, 2027 to comply with the 10 per cent public shareholding norm. "Securities and Exchange Board of India vide its letter dated May 14, 2024 has conveyed its decision, to grant additional time of 3 years to Life Insurance Corporation …

LIC shares surge over 6 per cent after Q3 net profit rises 49 per cent to Rs 9,444 crore
1 year, 1 month ago

LIC shares surge over 6 per cent after Q3 net profit rises 49 per cent to Rs 9,444 crore

India TV News  

Shares of Life Insurance Corporation of India rose by over 6.30 per cent to a 52-week high after the company reported a 49 per cent surge in net profit for the quarter ending December. Financial performance The public sector life insurance company reported a net profit of Rs 6,334 crore in the corresponding period of the previous year, as per …

LIC shares may see 51% upside amid deepening market cap discount: Analysts
1 year, 4 months ago

LIC shares may see 51% upside amid deepening market cap discount: Analysts

Live Mint  

Shares of Life Insurance Corporation of India, the state-run largest life insurer, are projected to rise more than 50% from the current levels as deepening market cap discount to embedded value posits attractive valuation, analysts said. After a significant interest from investors for its ₹21,000-crore worth initial public offering, LIC shares were listed on May 17, 2022, at ₹867.20, a …

LIC share price jumps 5% after Q1 net profit swells multi-fold; should you buy?
1 year, 7 months ago

LIC share price jumps 5% after Q1 net profit swells multi-fold; should you buy?

Live Mint  

Life Insurance Corporation of India share price rallied more than 5% on Friday after the state-run insurance behemoth reported a multifold jump in its net profit for the quarter ending June 2023. LIC share price gained as much as 5.42% to ₹676.95 apiece on the BSE. Brokerage firm Motilal Oswal says LIC has the levers in place to maintain its …

LIC shares climb nearly 4% after Q4 earnings
1 year, 10 months ago

LIC shares climb nearly 4% after Q4 earnings

The Hindu  

Shares of LIC on May 25 climbed nearly 4% after the company posted more than five-fold jump in consolidated net profit at ₹13,191 crore for the fourth quarter ended March 2023. However, total income during the March quarter declined to ₹2,01,022 crore from ₹2,15,487 crore in the same period a year ago, LIC said in a regulatory filing on May …

As LIC reports 447.5% growth in Q4 consolidated PAT, read how Rahul Gandhi and ‘journalists’ had accused the Modi govt of ‘killing’ India’s largest insurer
1 year, 10 months ago

As LIC reports 447.5% growth in Q4 consolidated PAT, read how Rahul Gandhi and ‘journalists’ had accused the Modi govt of ‘killing’ India’s largest insurer

Op India  

On May 24, India’s largest life insurer LIC reported an impressive growth for the fourth quarter of Financial Year 2022-23. — Rahul Gandhi May 18, 2023 Opposition, journalists and liberals attack Modi govt over alleged LIC losses For Congress Party, Rahul Gandhi became the frontrunner to attack the Modi government over LIC market share and its holdings in Adani Group …

LIC Q4 net profit surges over 5-fold to ₹13,191 cr
1 year, 10 months ago

LIC Q4 net profit surges over 5-fold to ₹13,191 cr

The Hindu  

Insurance behemoth LIC on Wednesday posted a more than five-fold jump in consolidated net profit to ₹13,191 crore for the fourth quarter ended March 2023. For the entire financial year 2022-23, LIC registered a multi-fold rise in net profit to ₹35,997 crore from ₹4,125 crore in the preceding financial year. Last year, the government raised ₹20,557 crore by diluting its …

LIC gains 4%, hits over 3-month high in subdued market
2 years, 3 months ago

LIC gains 4%, hits over 3-month high in subdued market

Business Standard  

LIC gains 4%, hits over 3-month high in subdued market The government aims to appoint a private sector professional as the first chief executive of the LIC in an effort to modernise its largest insurer after a disappointing stock market debut Premium Ashishkumar Chauhan, MD and CEO of BSE, LIC Chairperson Mangalam Ramasubramanian Kumar and Tuhin Kanta Pandey, DIPAM Secretary …

LIC increases holding in NBFC, stake goes up to 7%
2 years, 9 months ago

LIC increases holding in NBFC, stake goes up to 7%

Live Mint  

Life Insurance Company of India or LIC has disclosed that it has increased its stake in Capri Global Capital Limited to more than 7% from 5.043% earlier through open market transactions. Shares of NBFC company Capri Global Capital Limited were up 0.63% at ₹698, giving it a market cap of around ₹12,275 crore. The rout in LIC shares has worried …

LIC Sinks 5 Per Cent As Anchor Investor Lock-In Period Ends Today
2 years, 9 months ago

LIC Sinks 5 Per Cent As Anchor Investor Lock-In Period Ends Today

ABP News  

Amid market mayhem on Monday, shares of Life Insurance Corporation of India dropped over 5 per cent to Rs 671 on the BSE in intra-day trade. In the IPO, LIC had raised Rs 5,627 crore from anchor investors, with 71 per cent of the amount coming from domestic mutual funds. Anchor investors hold close to 1 per cent of the …

LIC Share Price Drop: Govt Concerned as LIC Share Price Falls, Calls it 'Temporary Blip'
2 years, 9 months ago

LIC Share Price Drop: Govt Concerned as LIC Share Price Falls, Calls it 'Temporary Blip'

News 18  

New Delhi: The government on Friday said it is “concerned” about the temporary blip in LIC scrip and the insurer’s management will look into these aspects and raise shareholders’ value. The government had fixed the issue price of LIC shares at Rs 949 apiece after a successful Initial Public Offering which was over-subscribed nearly 3 times. LIC management will look …

LIC investors lose ₹1.43 lakh crore after listing. Is there more pain ahead?
2 years, 9 months ago

LIC investors lose ₹1.43 lakh crore after listing. Is there more pain ahead?

Live Mint  

LIC share price: After having a discounted listing on NSE and BSE on 17th May 2022, LIC shares have remained under sell-off pressure and has been making record lows on regular basis. According to stock market experts, there can be more sell-off taking place in LIC shares as one month of anchor investors' login is about to end in next …

LIC Share Price Drops to a New Low, M-Cap Below Rs 5 Lakh Crore; Know Why
2 years, 9 months ago

LIC Share Price Drops to a New Low, M-Cap Below Rs 5 Lakh Crore; Know Why

News 18  

LIC Share Price Today: Shares of Life Insurance Corporation of India, fell for the fifth continuous session. With today’s fall, LIC has slumped 17 per cent below its issue price of Rs 949 per share in a week. Last week, brokerage firm Emkay Global Financial Services initiated coverage on LIC with a ‘hold’ rating and a target price of Rs …

LIC announces its first dividend; Q4 profit drops 17 per cent
2 years, 9 months ago

LIC announces its first dividend; Q4 profit drops 17 per cent

India TV News  

Highlights LIC will pay a dividend of Rs 1.50 per equity share LIC posted a 17% decline in consolidated net profit to Rs 2,409 cr for Q4 This is the first-ever quarterly result of LIC after being listed on bourses earlier this month LIC Share Price, LIC Dividend Announced: Life Insurance Corporation has announced a dividend of 15 per cent, …

LIC IPO: Investors may get shares dividend, hints insurer
2 years, 10 months ago

LIC IPO: Investors may get shares dividend, hints insurer

India Today  

Life Insurance Corporation of India will hold a meeting of its board of directors to consider and approve payment of dividends, if any, the insurance behemoth said in a BSE-filing. The country's largest insurer made a lacklustre debut on stock exchanges, listing at over 8 per cent discount after a successful initial public offering which fetched Rs 20,557 crore for …

LIC Listing Highlights: Shares Lists at Discount; Weak LIC Listing Due to Unpredictable Market Conditions, Says DIPAM Secy
2 years, 10 months ago

LIC Listing Highlights: Shares Lists at Discount; Weak LIC Listing Due to Unpredictable Market Conditions, Says DIPAM Secy

News 18  

Life Insurance Corporation of India shares made a tepid debut on the stock exchanges on Tuesday, May 17, listing at a discount to the IPO price. LIC shares started trading at Rs 865 apiece, down 8.65 per cent from its IPO price of Rs 949 on BSE. LIC IPO opened for subscription from May 4-9 with a price band of …

LIC lists at 8.11% discount at Rs 872 per share on NSE
2 years, 10 months ago

LIC lists at 8.11% discount at Rs 872 per share on NSE

Firstpost  

On the BSE, the LIC shares got listed at Rs 867.20 apiece, down 8.62 per cent over the issue price of Rs 949 a share New Delhi: The country’s largest insurer LIC on Tuesday listed its shares at a discount of 8.11 per cent at Rs 872 per share on the NSE. On the BSE, the shares got listed at …

LIC Share Listing Today: Insurer's Stock Trades At 12 Per Cent Discount In Pre-Opening
2 years, 10 months ago

LIC Share Listing Today: Insurer's Stock Trades At 12 Per Cent Discount In Pre-Opening

ABP News  

New Delhi: The shares of Life Insurance Corporation, India’s largest insurer, will get listed on Tuesday on the stock exchanges, the BSE and NSE. In the pre-market trading, LIC shares are down 12.54 per cent at Rs 830. After witnessing a good response from domestic investors in the initial share sale, the LIC IPO fetched Rs 20,557 crore to the …

LIC set to debut shares on stock market today; here's what you need to know
2 years, 10 months ago

LIC set to debut shares on stock market today; here's what you need to know

Firstpost  

LIC had last month reduced its IPO size to 3.5 per cent from 5 per cent decided earlier due to the prevailing choppy market conditions New Delhi: The country’s largest insurer LIC will list its shares on the stock exchanges on Tuesday after witnessing a good response from domestic investors in the initial share sale, which fetched Rs 20,557 crore …

Indian insurer LIC slides in market debut after record IPO
2 years, 10 months ago

Indian insurer LIC slides in market debut after record IPO

Al Jazeera  

LIC’s weak debut comes even as stocks in India and the broader Asian market rallied on Tuesday. India’s biggest insurer and largest domestic financial investor was trading at 887 rupees as of late morning, giving it a market value of about 5.6 trillion rupees and making it the country’s fifth-biggest company. Fintech firm Paytm plunged in its debut last November …

Stock Market This Week: LIC IPO Listing, Q4 Results, Other Factors to Watch Out For
2 years, 10 months ago

Stock Market This Week: LIC IPO Listing, Q4 Results, Other Factors to Watch Out For

News 18  

Indian markets remained bearish for the second consecutive week ended May 13 as the benchmark share indices have lost nearly 4 per cent. Speaking on the major triggers that may dictate stock market next week, Anuj Gupta, Vice President — Research at IIFL Securities said, “The week ended on Friday was the worst in last two years. If rupee continues …

LIC IPO for Policyholders: India Largest IPO Opens Tomorrow Key Things Need To Know
2 years, 10 months ago

LIC IPO for Policyholders: India Largest IPO Opens Tomorrow Key Things Need To Know

ABP News  

New Delhi: The country’s largest life insurance provider, Life Insurance Corporation of India, will launch its initial public offer for general investors on Wednesday. The government seeks to offload 3.5 per cent stake in the state-run insurance behemoth to fetch Rs 21,000 crore through LIC IPO. Offer details The government is eyeing to raise Rs 21,000 crore at the upper …

LIC IPO Opens Next Week: Key Things to Know Before Buying LIC Shares
2 years, 10 months ago

LIC IPO Opens Next Week: Key Things to Know Before Buying LIC Shares

News 18  

LIC IPO: India’s largest insurer Life Insurance Corporation is set to open its initial public offering or IPO next week. LIC IPO Price Band: The price band of LIC IPO is set at Rs 902 to Rs 949 per equity share, with a Rs 60 discount for policyholders and Rs 45 discount for employees and retail investors. The price band …

LIC IPO to have a Bumper Listing? You Can Expect as Insurer Sees Robust Growth in FY22
2 years, 11 months ago

LIC IPO to have a Bumper Listing? You Can Expect as Insurer Sees Robust Growth in FY22

News 18  

LIC IPO: The Life Insurance Corporation of India, or LIC’s chances to perform well at the bourses when the LIC IPO gets listed, just got higher. In March, however, the country’s largest insurer’s premium collections jumped to Rs 42,319.22 crore, a 51 per cent increase than the previous year, as per the data. In the year ended March 31, 2022, …

LIC IPO date, price, size details, discounts: All you need to know
2 years, 11 months ago

LIC IPO date, price, size details, discounts: All you need to know

India Today  

The wait for Life Insurance Corporation of India's initial public offering is likely to be over this month. LIC IPO DATE The country's largest insurer is likely to file an updated draft red herring prospectus for the LIC IPO after consultations between the Department of Investment and Public Asset Management and investment bankers and a key meeting of the LIC …

LIC IPO Date: Govt Likely to Launch IPO by Early-May, May Offer to Sell Over 5%
2 years, 11 months ago

LIC IPO Date: Govt Likely to Launch IPO by Early-May, May Offer to Sell Over 5%

News 18  

The government is likely to launch Life Insurance Corporation’s initial public offering by early-May. According to the sources, the government has time till May 12 to launch the LIC IPO without filing fresh papers with Sebi. With a five per cent stake dilution, the LIC IPO will be the biggest ever in the Indian stock market’s history and once listed, …

LIC IPO Listing, Price Band, Policyholder Discount; Key Details Investors Should Know
3 years ago

LIC IPO Listing, Price Band, Policyholder Discount; Key Details Investors Should Know

News 18  

LIC IPO: The much-awaited initial public offering of the Life Insurance Corporation of India is set to be the biggest ever in India, the Reserve Bank of India said in its March Bulletin. “The LIC IPO is set to be the biggest IPO ever in India, and hence, correct timing of the IPO is crucial,” the writers said in their …

LIC IPO Price Band, Policyholders Discount Details Soon: Govt to File Final Papers With Sebi
3 years ago

LIC IPO Price Band, Policyholders Discount Details Soon: Govt to File Final Papers With Sebi

News 18  

LIC IPO Final Papers: The Centre is will soon be filing the final papers for India’s mega LIC IPO soon. The government is planning to soon file the final papers for LIC IPO with market regulator Sebi, which will provide details about the price band, discount for policyholders and retail buyers, and the actual number of shares to be put …

LIC IPO to be postponed? All you need to know
3 years ago

LIC IPO to be postponed? All you need to know

India Today  

The wait for the mega initial public offering of LIC may get longer as the ongoing Russia-Ukraine war has left its impact on global stock markets, including sensex and nifty, according to a PTI report. The central government may defer the mega IPO of the country's national insurer and wait for an opportune time to get the maximum value of …

Explained | What must LIC IPO investors keep an eye on?
3 years, 1 month ago

Explained | What must LIC IPO investors keep an eye on?

The Hindu  

The story so far: The Life Insurance Corporation of India filed its draft red herring prospectus with capital markets regulator SEBI last Sunday. The main types of risks that could impact LIC and as a result shareholder returns relate to regulatory requirements, competition, the pandemic effect, the Government still retaining majority control, as well as specifics such as the segregation …

LIC plays contrarian on Sensex firms
3 years, 1 month ago

LIC plays contrarian on Sensex firms

Deccan Chronicle  

Mumbai: LIC, India's largest domestic equity investor, booked profit in a dozen Sensex companies during the October-December quarter while raising stake in an equal number of companies as a contrarian investor. An analysis of the latest shareholding pattern of Sensex companies showed LIC booked profit in 12 companies--IndusInd Bank, NTPC, Mahindra & Mahindra, HDFC Bank, Maruti, Bharti Airtel, Sun Pharma, …

LIC IPO: Why is India’s largest insurer being listed?
3 years, 1 month ago

LIC IPO: Why is India’s largest insurer being listed?

Live Mint  

India is embarking on the blockbuster listing of the country's largest insurer as part of a wider privatisation drive to bolster public coffers drained by the coronavirus pandemic and fund new infrastructure. While the pricing has not yet been set, analysts expect the IPO of the Life Insurance Corporation of India to be India's largest to date, potentially earning the …

LIC IPO: India's Biggest-Ever IPO is Finally Here, Govt to Offload 5% Stake; Know Details
3 years, 1 month ago

LIC IPO: India's Biggest-Ever IPO is Finally Here, Govt to Offload 5% Stake; Know Details

News 18  

Life Insurance Corporation of India filed the draft red herring prospectus with the market regulator for its much-awaited initial public offering. LIC IPO Size: The central government owned 100 per cent stake in Life Insurance Corporation. The proceeds of LIC IPO will go to the central government and the insurance company will not receive any funds as the issue will …

LIC IPO: Inside details of India's biggest public issue
3 years, 2 months ago

LIC IPO: Inside details of India's biggest public issue

India Today  

The preparation for the much-awaited initial public offering of Life Insurance Corporation of India is in full swing, with approximately 2 months left before the launch of India’s biggest public listing. Front-page newspaper Read | Unlocking LIC's Value DETAILS OF INDIA’S BIGGEST IPO Latest reports suggest that LIC will file its draft prospectus for its massive IPO with the regulator …

Valued at $203 billion, India readies LIC IPO, its biggest ever
3 years, 2 months ago

Valued at $203 billion, India readies LIC IPO, its biggest ever

Al Jazeera  

The upcoming listing of the country’s insurer, the state-owned crown jewel, is being looked at as India’s Aramco moment. If investors agree with the $203 billion valuation sought by the government, LIC would compete against India’s biggest companies — Reliance Industries Ltd. and Tata Consultancy Services Ltd. “The Life Insurance Corporation’s IPO is an excellent development not only for India’s …

LIC IPO to hit markets by March; draft papers to be filed with Sebi by January end
3 years, 2 months ago

LIC IPO to hit markets by March; draft papers to be filed with Sebi by January end

India TV News  

Highlights The government will launch the mega public offer of LIC by March FM Nirmala Sitharaman had last week reviewed the progress of the LIC IPO LIC IPO is crucial for meeting the Rs 1.75-lakh crore disinvestment target set for March 2022 The government will launch the mega public offer of LIC by March and file draft papers with market …

‘Assets under management by LIC doubled in 2020-21’
3 years, 3 months ago

‘Assets under management by LIC doubled in 2020-21’

The Hindu  

The Assets Under Management of the IPO-bound Life Insurance Corporation of India more than doubled to ₹36.7 trillion on a standalone basis in FY21 from ₹16.18 trillion in the previous year, according to officials privy to presentations made to potential investors. LIC’s AUMs exceed that for the entire Indian mutual funds industry, which had AUM of approximately ₹31.4 trillion, the …

Govt refutes speculation over LIC IPO's delay, says it is 'on course'
3 years, 3 months ago

Govt refutes speculation over LIC IPO's delay, says it is 'on course'

India TV News  

Highlights Govt refutes speculation over LIC IPO's delay The plan is on course for the IPO in the last quarter of this fiscal: Secretary, DIPAM tweeted The govt is banking on the listing of LIC IPO and BPCL strategic sales for meeting its disinvestment The Centre refuted media speculation around the initial public offer of Life Insurance Corporation and said …

LIC IPO unlikely to take place this fiscal due to delay in valuation
3 years, 3 months ago

LIC IPO unlikely to take place this fiscal due to delay in valuation

India TV News  

LIC IPO unlikely to take place this fiscal due to delay in valuation There are still some issues that need to be addressed with regard to the valuation of LIC, a senior official of one of the merchant bankers said. There are still some issues that need to be addressed with regard to the valuation of LIC, a senior official …

LIC IPO unlikely to take place this fiscal. Here is why
3 years, 3 months ago

LIC IPO unlikely to take place this fiscal. Here is why

Live Mint  

New Delhi: The government is unlikely to come up with the IPO of Life Insurance Corporation in the current financial year ending March 2022, as the valuation of the state-owned behemoth is taking more than anticipated time, and preparatory work is still far from complete. Valuation of LIC is a complex process because of its size, product mix, real estate …

LIC listing in March quarter, says DIPAM secretary Pandey
3 years, 4 months ago

LIC listing in March quarter, says DIPAM secretary Pandey

Live Mint  

The Union government is planning the initial public offering of Life Insurance Corp. of India Ltd in the March quarter, a top government official said. “We are working very hard for the LIC IPO,” said Tuhin Kanta Pandey, secretary of the Department of Investment and Public Asset Management. DIPAM has appointed 10 merchant bankers, including Goldman Sachs Securities, Citigroup Global …

LIC books profit in blue chips ahead of IPO bid
3 years, 5 months ago

LIC books profit in blue chips ahead of IPO bid

Deccan Chronicle  

Mumbai: The Life Insurance Corporation of India booked profit in a majority of blue chip companies like Tata Consultancy Services, Hindustan Unilever, State Bank of India and Asian Paints while it raised stake in Dr Reddy's Laboratories, Reliance Industries, Infosys and IndusInd Bank during the July-September quarter, the shareholding data disclosed by Sensex companies to the stock exchanges showed. Shareholding …

Govt appoints 10 merchant bankers for managing LIC IPO
3 years, 6 months ago

Govt appoints 10 merchant bankers for managing LIC IPO

The Hindu  

The government has appointed 10 merchant bankers including Goldman Sachs Securities, Citigroup Global Markets India, and Nomura Financial Advisory and Securities India to manage the mega initial public offering of country's largest insurer LIC. Other selected bankers include SBI Capital Market, JM Financial, Axis Capital, BofA Securities, JP Morgan India, ICICI Securities, and Kotak Mahindra Capital Co Ltd, a circular …

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