LIC Policies to be Available on Policybazaar from Now. Know Details
2 years, 10 months ago

LIC Policies to be Available on Policybazaar from Now. Know Details

News 18  

The Life Insurance Corporation of India has announced a tie up with insurance aggregator Policybazaar.com. “LIC, the country’s pioneer in life insurance and Policybazaar.com have joined hands to offer a wide range of term and investment products to consumers. “LIC has been the pioneer and a dominant player in the life insurance segment ensuring financial protection for India’s masses. LIC has spearheaded the life insurance segment in the country and so this alliance will provide an amplified reach to people.” “We are delighted to partner with them and look forward to providing protection to people across age groups, demographics and locations,” he added. Talking about the valuation, the finance minister said, “We will announce it at the time.” Sitharaman on Tuesday announced in her Budget speech that the LIC mega public offer is “expected shortly”.

India Insurance Life Budget Ipo This Alliance Policybazaar Lic Policies  india  distribution  policybazaar  details  available  insurance  budget  products  ipo  lic  policies  life  policybazaarcom  know  digital

History of this topic

LIC traditional plans get dearer, terms & conditions get restrictive
6 days, 9 hours ago

LIC traditional plans get dearer, terms & conditions get restrictive

Deccan Chronicle  

Mumbai: The country’s largest life insurer-Life Insurance Corporation of India has raised premium rates and made a host of changes to its traditional participating life insurance plans. According to industry sources, premium rates have been revised upwards by approximately 4-9 per cent on money back plans, endowment plans, whole life plans and children plans including LIC’s most popular policies such …

LIC clarifies on ManipalCigna stake acquisition buzz; here’s what the insurer said
3 weeks, 4 days 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 …

Explained: Why LIC share price gained nearly 4% in early trade
3 weeks, 5 days ago

Explained: Why LIC share price gained nearly 4% in early trade

India Today  

Shares of Life Insurance Corporation of India rose nearly 4% in early trade after a media report indicated that the state-owned insurer has moved closer to acquiring half of ManipalCigna Health Insurance. This potential deal would mark LIC’s entry into the growing health insurance market, diversifying its business from its core life insurance offerings. If finalised, the deal is expected …

LIC asks shareholders to update these details to avoid higher TDS on dividends: Check deadline
5 months, 2 weeks ago

LIC asks shareholders to update these details to avoid higher TDS on dividends: Check deadline

Hindustan Times  

The Life Insurance Corporation of India advised shareholders to update their Permanent Account Numbers. The Income Tax Act, 1961 mandates that LIC deducts tax at source on dividends paid to members. For this, LIC members are requested to complete and/or update their residential status, PAN and other details as per the IT Act. LIC said, “Members who have not updated …

LIC to enter health insurance? ‘Done some internal groundwork’, exploring acquisition opportunities
6 months, 3 weeks ago

LIC to enter health insurance? ‘Done some internal groundwork’, exploring acquisition opportunities

Hindustan Times  

State-run Life Insurance Corporation may enter the health insurance segment and is reportedly exploring acquisition opportunities. At present, life companies can only offer long-term benefit covers under health insurance and for them to provide hospitalisation and indemnity cover, an amendment to the Insurance Act would be needed. LIC quarterly results The public sector insurer posted a net profit of ₹13,781.59 …

LIC shares up after it gets 3 years to meet minimum public shareholding norms
7 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 cautions against fraudulent social media ads: ‘We wish to alert public’
7 months, 4 weeks ago

LIC cautions against fraudulent social media ads: ‘We wish to alert public’

Hindustan Times  

Life Insurance Corporation warned the public against certain individuals/entities engaging in fraudulent advertising practices on social media platforms. LIC said that these ads have been misusing the image of senior officials and the brand name and logo of the company. In a post on X, LIC advised policyholders and public to exercise caution and verify the authenticity of such "It …

LIC shares jump 9.7%, logs biggest intraday gain since listing; here’s why
1 year ago

LIC shares jump 9.7%, logs biggest intraday gain since listing; here’s why

Live Mint  

Shares of Life Insurance Corporation, India's largest life insurer, experienced a robust intraday surge of 9.7% during Friday's trade, hitting a 10-week high of ₹677.65 apiece and also marking the largest intraday gain since listing in May 2022. This notable upswing followed LIC's target of achieving double-digit growth in new business premiums for FY24. 2-3 more policies will be launched …

LIC targeting double digit growth, plans to launch 3-4 new products for FY24: Chairman
1 year, 1 month ago

LIC targeting double digit growth, plans to launch 3-4 new products for FY24: Chairman

Live Mint  

Insurance behemoth Life Insurance Corporation is set to unveil 3-4 new products in the upcoming months, aiming a double-digit increase in new business premiums during the current fiscal year. Mohanty further added that 2-3 additional policies will be introduced throughout the year to attain a double-digit growth in new business premiums. In the initial half of the ongoing financial year, …

LIC gains 4%, hits over 3-month high in subdued market
2 years 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 may turn into composite insurer; likely to merge 4 PSU general firms
2 years ago

LIC may turn into composite insurer; likely to merge 4 PSU general firms

Business Standard  

With the Central government proposing to allow composite insurers, the four public sector general insurance companies can be merged with the Life Insurance Corporation of India is one of the views voiced by industry experts. The employee unions in the four government-owned general insurance companies -- The Oriental Insurance Company Limited, National Insurance Company Limited, The New India Assurance Company …

LIC Brings New Pension Plus Plan; Premium, Funds, Terms; Details Here
2 years, 3 months ago

LIC Brings New Pension Plus Plan; Premium, Funds, Terms; Details Here

News 18  

Life Insurance Corporation has introduced a new non-participating, unit-linked, individual pension plan, New Pension Plus, effective 5 September. The policyholder can also choose the amount of premium and the policy term depending upon minimum and maximum limits of premium, policy term and vesting age. The guaranteed addition on regular premium ranges from 5.0-15.5 per cent and on single premium payable …

LIC Shares Surge Over 7% in 5 Days; Analysts See Up To 20% Further Returns
2 years, 5 months ago

LIC Shares Surge Over 7% in 5 Days; Analysts See Up To 20% Further Returns

News 18  

LIC Share Price: Life Insurance Corporation shares surged in early trade after brokerage firm Motilal Oswal gave the insurance behemoth a ‘Buy’ rating. Motilal Oswal estimates LIC to deliver around 10 per cent CAGR in NBP during FY22-24E while the Value of New Business margin is likely to improve to 13.6 per cent on improving product mix and higher profit …

LIC Policy: Get Rs 36,000 Return Each Year Until Age of 100 if You Deposit Rs 45 Everyday
2 years, 6 months ago

LIC Policy: Get Rs 36,000 Return Each Year Until Age of 100 if You Deposit Rs 45 Everyday

News 18  

LIC Policy Jeevan Umang Policy: The Life Insurance Corporation, or LIC, of India is one of the go-to options for Indians when it comes to buy insurance policies. Pay Rs 45 Daily, Get Rs 36,000 Each Year After Maturity If you sign up for LIC Jeevan Umag Policy at the age of 26 for an insurance cover of Rs 4.5 …

LIC Listing Highlights: Shares Lists at Discount; Weak LIC Listing Due to Unpredictable Market Conditions, Says DIPAM Secy
2 years, 7 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 Share Lists at Discount: Buy, Sell or Hold, What Should LIC Investors, Policyholders Do?
2 years, 7 months ago

LIC Share Lists at Discount: Buy, Sell or Hold, What Should LIC Investors, Policyholders Do?

News 18  

Life Insurance Corporation of India shares made a lacklustre debut on the stock exchanges on Tuesday, listing at discount to the IPO price. We were expecting listing gains due to discounted valuations of LIC compared to private life insurance player,” he added. “Investors could hold the shares post listing for long term gains rather than have knee-jerk reaction due to …

Indian insurer LIC slides in market debut after record IPO
2 years, 7 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 …

LIC IPO: Issue Price Fixed At Rs 949 Per Share; Listing Likely On May 17
2 years, 7 months ago

LIC IPO: Issue Price Fixed At Rs 949 Per Share; Listing Likely On May 17

News 18  

Life Insurance Corporation, which recently concluded its initial public offering with 2.95 times subscription, has set an IPO issue price of 949 per share. The country’s largest LIC IPO, which was open for public subscription between May 4 and May 9, received 47.83 crore bids as against the offer size of 16.21 crore. Pandey also said LIC IPO subscribed 2.95 …

LIC IPO Share Allotment Finalised. Did you Get LIC Share? How to Check
2 years, 7 months ago

LIC IPO Share Allotment Finalised. Did you Get LIC Share? How to Check

News 18  

LIC IPO in India Share Allotment: The much-awaited initial public offering of Life Insurance Corporation of India has closed, and the company finalised share allotment on May 12. Here’s How to Check LIC IPO Share Allotment Status on NSE -Go to NSE’s official website — https://www.nseindia.com/ -Go to the “equity” option and select “LIC IPO” from the drop-down menu. -Complete …

LIC IPO allotment today: Direct link to check share application status
2 years, 7 months ago

LIC IPO allotment today: Direct link to check share application status

India Today  

The LIC IPO allotment date is here and applicants on Thursday will get to know whether they have been allotted shares of the national insurer or not. LIC IPO ALLOTMENT STATUS To check the status of your application in the LIC IPO, you need to go to https://www.bseindia.com/investors/appli_check.aspx You need to enter details such as issue type, issue name, application …

LIC IPO Share Allotment Today: How to Check Status Via BSE, KFin Tech, GMP
2 years, 7 months ago

LIC IPO Share Allotment Today: How to Check Status Via BSE, KFin Tech, GMP

News 18  

LIC IPO in India Share Allotment: Life Insurance Corporation of India is likely to finalise the IPO share allotment today, which is keenly awaited by investors who have participated in the country’s biggest-ever public issue. Check LIC Share Allotment Status Via Registrar KFin Technologies Website -To check the share allotment status, select the company name as ‘LIC — IPO’ from …

LIC IPO Share Allotment Soon: How to Check Subscription Status Via NSE, KFinTech Website
2 years, 7 months ago

LIC IPO Share Allotment Soon: How to Check Subscription Status Via NSE, KFinTech Website

News 18  

Life Insurance Corporation of India IPO share allotment will be finalised on Thursday, 12 May, after the Rs 21,000-cr public offer received 2.95 times subscription. Check LIC Share Allotment Status Via Registrar KFin Technologies Website -To check the share allotment status, select the company name as ‘LIC — IPO’ from the drop-down list on the Link Intime India website when …

LIC IPO GMP Today, Share Allotment Date, Status, Listing Date; All you Need to Know
2 years, 7 months ago

LIC IPO GMP Today, Share Allotment Date, Status, Listing Date; All you Need to Know

News 18  

LIC IPO: The initial public offering of Life Insurance Corporation of India has received a healthy response from investors as the offer has subscribed 2.95 times, receiving bids for 47.83 crore equity shares against LIC IPO size of 16.2 crore equity shares in total, as the six-day long subscription came to an end. DIPAM Secretary Tuhin Kanta Pandey on Monday …

LIC IPO Last Day Subscription Update: IPO Booked 2.95 Times; Retail Investors Make Record Bids
2 years, 7 months ago

LIC IPO Last Day Subscription Update: IPO Booked 2.95 Times; Retail Investors Make Record Bids

News 18  

The initial public offering of Life Insurance Corporation of India was subscribed 2.95 times on the sixth and the last day of bidding on Monday. LIC’s initial public offering has received 2.95 times subscription on the final day of bidding, with the portion reserved for qualified institutional buyers fully booked. LIC IPO Subscription Update At The End of Day 6, …

LIC IPO subscription closes today | Check status
2 years, 7 months ago

LIC IPO subscription closes today | Check status

India Today  

The subscription process for LIC's initial public offering is closing on Monday. The initial public offering, which is set to be India's biggest ever initial share sale, has received a positive response so far as all categories were subscribed fully. Shares reserved for non-institutional investors, including high-networth individuals, were subscribed fully, taking the overall subscription of the LIC's IPO to …

LIC IPO subscription status: Issue booked over 2x on last day. Latest updates
2 years, 7 months ago

LIC IPO subscription status: Issue booked over 2x on last day. Latest updates

Live Mint  

Life Insurance Corporation's IPO, the country's biggest initial public offer, was subscribed more than 2 times on the final day of the issue that closes today. As of 3:10 pm on the last day of the bidding, LIC IPO has been subscribed 2.71 times with retail investors' category booked 1.90x. Even after the reduced size of about ₹20,557 crore, LIC …

LIC IPO: Retail portion subscribed fully on day three
2 years, 7 months ago

LIC IPO: Retail portion subscribed fully on day three

India TV News  

Highlights LIC IPO is going to be the biggest initial public offering ever in the country The government is diluting its 3.5 per cent stake in the insurance behemoth The government aims to generate about Rs 21,000 crore from the offer The initial public offering of the insurance behemoth Life Insurance Corporation was subscribed fully in the first hour of …

LIC IPO: You can now apply for subscription during weekend
2 years, 7 months ago

LIC IPO: You can now apply for subscription during weekend

India Today  

Willing investors can now apply for Life Insurance Corporation of India's initial public offering even during the weekend. Meanwhile, the Reserve Bank of India has also stated that all Application Supported by Blocked Amount -designated bank branches would remain open for the public on Sunday to facilitate processing of applications for LIC's IPO. The Government of India, in order to …

LIC IPO: On Day 1, overall subscription at 67% | Key updates
2 years, 7 months ago

LIC IPO: On Day 1, overall subscription at 67% | Key updates

Hindustan Times  

Life Insurance Corporation's public offer, the country's biggest-ever IPO, saw the policyholders' portion being oversubscribed on the first day itself on Wednesday, though overall subscription stood at 67 per cent, even as a surprise rate hike by the Reserve Bank of India roiled markets. Here are top developments: >The portion set aside for policyholders was subscribed 1.99 times at the …

LIC IPO Listing: What Are the Pros and Cons of Investing in It?
2 years, 7 months ago

LIC IPO Listing: What Are the Pros and Cons of Investing in It?

The Quint  

The wait is over! India’s biggest-ever Initial Public Offering, that of the Life Insurance Corporation of India kicked off for subscription for retail institutional investors today, that is on 4 May. Since it's completely an offer for sale, all the proceedings will directly go to the government which is expecting to raise Rs 21,000 crore by selling a 3.5% stake …

LIC IPO first day first show: Positive start for India's biggest IPO | Check Subscription status
2 years, 7 months ago

LIC IPO first day first show: Positive start for India's biggest IPO | Check Subscription status

India Today  

India's biggest initial public offering is finally here. LIC IPO SUBSCRIPTION DATE The LIC IPO opened for subscription on Wednesday and the application process will continue till May 9. Ahead of the subscription period, LIC's IPO saw 'excellent' response as the anchor investor portion was subscribed fully, garnering around Rs 5,620 crore. The LIC IPO would be the biggest ever …

LIC IPO Opens Today: India's Biggest Public Issue Live Now, Here's How to Buy LIC IPO Shares
2 years, 7 months ago

LIC IPO Opens Today: India's Biggest Public Issue Live Now, Here's How to Buy LIC IPO Shares

News 18  

LIC IPO: The Dalal Street has been set abuzz once again, with India?s largest life insurer, Life Insurance Corporation of India is opening its initial public offering on May 4, Wednesday. The LIC IPO opens today, which means the wait is over for subscribers and investors who want to invest in the largest public issue in India?s history. The LIC …

India’s biggest IPO opens in midst of volatile markets
2 years, 7 months ago

India’s biggest IPO opens in midst of volatile markets

Al Jazeera  

Through the IPO of state-run LIC, India expects to raise $2.7bn from the sale of a 3.5 percent stake. State-owned Life Insurance Corporation’s $2.7bn IPO, India’s largest, has opened to subscriptions from retail and other investors following strong demand from anchor investors led by domestic mutual funds. The Indian government expects to raise the sum, just a third of its …

LIC IPO: State insurer raises over Rs 5,600 crore from anchor investors
2 years, 7 months ago

LIC IPO: State insurer raises over Rs 5,600 crore from anchor investors

India Today  

The LIC IPO got off to a bumper start as the national insurer garnered around Rs 5,620 crore. Of the over 22.13 crore LIC shares on offer, over 9.88 crore shares are reserved for qualified institutional buyers and over 2.96 crore shares for non-institutional buyers. LIC's embedded value, which is a measure of the consolidated shareholder's value in an insurance …

LIC IPO Next Week: Investors Need To Know These Pitfalls Before Investing
2 years, 7 months ago

LIC IPO Next Week: Investors Need To Know These Pitfalls Before Investing

News 18  

Even as the LIC IPO is all set to hit the market next week, the much-awaited offer has always been in the limelight due to its sheer size and the company?s huge market share in the life insurance segment. The state-owned insurer?s VNB as of September 2021 stood at 9.9 per cent, whereas its peers ICICI Prudential Life, HDFC Life, …

LIC IPO Opens Next Week: Key Things to Know Before Buying LIC Shares
2 years, 7 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 opens next week. GMP, date, price, other details you should know
2 years, 7 months ago

LIC IPO opens next week. GMP, date, price, other details you should know

Live Mint  

LIC IPO: The Initial Public Offering of Life Insurance Corporation of India is going to hit primary market next week. - LIC IPO date: The public issue will open on 4th May 2022 and it will remain open for bidding till 9th May 2022. - LIC IPO discount: The GoI has announced ₹60 per equity share discount for IPO applicants …

LIC IPO: A Guide for LIC Policyholders to Buy Shares at Discounted Rates
2 years, 7 months ago

LIC IPO: A Guide for LIC Policyholders to Buy Shares at Discounted Rates

News 18  

LIC IPO: The mega initial share sale of the Life Insurance Corporation of India, or LIC, is finally set to open next week, on May 4 and close on May 9. LIC IPO: Discount for Policyholders At the moment, what most people across India may find attractive is the discount LIC policyholders get while buying shares of the LIC IPO. …

LIC IPO: Full list of top initial public offerings in India
2 years, 7 months ago

LIC IPO: Full list of top initial public offerings in India

India Today  

Life Insurance Corporation of India is gearing up to launch the largest initial public offering in India's share market. PAYTM Fintech firm Paytm’s initial public offering of up to Rs 18,300 crore in November last year is still the country’s largest stock market listing, surging past miner Coal India’s massive IPO more than a decade ago. COAL INDIA In 2010, …

LIC IPO GMP, Valuation, Quota, Discount: IPO to Open Next Week, Should you Invest?
2 years, 7 months ago

LIC IPO GMP, Valuation, Quota, Discount: IPO to Open Next Week, Should you Invest?

News 18  

LIC IPO: The Initial Public Offering of insurance behemoth Life Insurance Corporation of India will open for subscriptions on May 4 and close on May 9, with anchor investment opening on May 2. Yash Gupta-equity research Analyst, Angel One Ltd said, “The issue size of the IPO is Rs 21,000 crore with a valuation of Rs 6,00,000 crore. Earlier it …

LIC IPO: Shares at premium in grey market, say observers. What GMP indicates?
2 years, 7 months ago

LIC IPO: Shares at premium in grey market, say observers. What GMP indicates?

Live Mint  

LIC IPO: The Initial Public Offering of insurance behemoth Life Insurance Corporation of India is going to hit Indian primary markets next month. LIC IPO GMP Market observers said that LIC IPO GMP today is ₹20, which is ₹28 down from its grey market premium on Wednesday. They said that negative market sentiments could be the possible reason for this …

LIC’s Rs.21K crore IPO, India\'s largest, to open on May 4
2 years, 7 months ago

LIC’s Rs.21K crore IPO, India\'s largest, to open on May 4

Deccan Chronicle  

Mumbai: State-run insurance behemoth Life Insurance Corporation of India’s initial public offer at Rs 21,000 crores will be India’s largest IPO so far, even after the Central government brought down the stake sale on offer to 3.5 per cent from the earlier 5 per cent. Around 6.48 crore policyholders of the state-run insurance behemoth have updated their PAN to participate …

LIC IPO Valuation Reduced; Still Biggest-Ever IPO In India; What Investors Need To Know
2 years, 7 months ago

LIC IPO Valuation Reduced; Still Biggest-Ever IPO In India; What Investors Need To Know

News 18  

The valuation of Life Insurance Corporation is “fair and attractive” and the government expects significant participation of retail investors in the LIC IPO, DIPAM Secretary Tuhin Kanta Pandey said on Wednesday. “While LIC valuations appear to be cheap as compared to listed private players, investors need to keep in mind that LIC has a lower VBN margin of 9.9 per …

LIC IPO Launch Highlights: 'Mother of All IPOs' is Here; Issue Opens on May 4
2 years, 7 months ago

LIC IPO Launch Highlights: 'Mother of All IPOs' is Here; Issue Opens on May 4

News 18  

LIC IPO Live Updates: The Life Insurance Corporation’s public issue offer, India’s biggest is finally here. With the revised price band, the government now expects to raise up to Rs 21,000 crore from selling a 3.5 per cent stake in LIC in place of the earlier 5 per cent, a third of the original expectations. The Securities and Exchange Board …

LIC fixes price band at ₹902-949 for May 4 IPO
2 years, 7 months ago

LIC fixes price band at ₹902-949 for May 4 IPO

The Hindu  

The Life Insurance Corporation of India on April 27 fixed its price band at ₹902- 949 per share for its Initial Public Offering set to open on May 4. Earlier, the government had planned to sell 5% of its stake in LIC, amounting to 31.6 crore shares, and had filed draft papers to that effect with Securities and Exchange Board …

LIC IPO expected to open on 4 May: Here's how to apply, things to keep in mind for policyholders
2 years, 7 months ago

LIC IPO expected to open on 4 May: Here's how to apply, things to keep in mind for policyholders

Firstpost  

Ten percent of the LIC IPO has been reserved for policyholders. While bidding, a discount will also be offered to policyholders and LIC employees The public issue of Life Insurance Corporation of India is expected to open on 4 May. Here is what policyholders should keep in mind regarding the Reservation Portion before the LIC IPO: Only Indian residents, who …

LIC IPO: FDI Tweak, Policyholders' Discount, Govt Goes The Distance to Make IPO a Success
2 years, 7 months ago

LIC IPO: FDI Tweak, Policyholders' Discount, Govt Goes The Distance to Make IPO a Success

News 18  

As the LIC IPO is set to hit the market in the first week of May, the government and Life Insurance Corporation‘s executives are making all-out efforts to make the initial public offering a success. Recently, the government also amended the Foreign Exchange Management Act’s rules, paving the way for up to 20 per cent foreign direct investment in LIC. …

LIC fixes price band at Rs 902-949 a share for Rs 21,000 crore IPO, issue to hit markets on 4 May
2 years, 7 months ago

LIC fixes price band at Rs 902-949 a share for Rs 21,000 crore IPO, issue to hit markets on 4 May

Firstpost  

The government in February had planned to sell a 5 percent stake in Life Insurance Corporation. However, the ongoing market volatility due to the Russia-Ukraine war made it lower the issue size to 3.5 percent New Delhi: Insurance giant LIC has fixed the price band at Rs 902-949 per share for the Rs 21,000 crore public offer that is likely …

LIC IPO price band set at ₹902-949 a share for ₹21,000 crore: Report
2 years, 7 months ago

LIC IPO price band set at ₹902-949 a share for ₹21,000 crore: Report

Hindustan Times  

Life Insurance Corporation, an insurance giant, has fixed the price band at ₹902-949 per share for the ₹21,000 crore public offer that may open on May 4, news agency PTI reported, citing sources. The government had in February planned to sell a 5 per cent stake or 31.6 crore shares of the insurance company and had filed draft papers with …

LIC IPO: Likely opening date, price band and other things you should know
2 years, 7 months ago

LIC IPO: Likely opening date, price band and other things you should know

Hindustan Times  

The Life Insurance Corporation's much-awaited IPO, or initial public offering, is expected to open on May 4, news agency ANI reported Tuesday morning. READ: LIC IPO to open on May 4, close on May 9 - Report > The Government of India, which owns the insurance giant, plans to sell a 3.5 per cent stake instead of the five per …

Discover Related