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Retail investors contributed most to LIC IPO success, says DIPAM secretary Tuhin Kanta Pandey
2 years, 8 months ago

Retail investors contributed most to LIC IPO success, says DIPAM secretary Tuhin Kanta Pandey

The Hindu  

The initial public offer of the Life Insurance Corporation of India closed successfully on Monday evening at 7 p.m. and is expected to yield about ₹20,500 crore to the exchequer, top finance ministry officials said. “I am pleased to inform you that the offer that was started on May 4, has closed today at 7 pm, and it has met …

Retail Investors Investors Issue Pandey Decisions Ipo Malhotra
LIC IPO Valuation Reduced; Still Biggest-Ever IPO In India; What Investors Need To Know
2 years, 8 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 …

India Crore Public Value Cent Offer Size
LIC IPO Expected to Hit Market in Q4; Speculations on 'Delay' Incorrect: Govt
3 years ago

LIC IPO Expected to Hit Market in Q4; Speculations on 'Delay' Incorrect: Govt

News 18  

LIC IPO: The central government has recently refuted claims around the initial public offering of the Life Insurance Corporation of India. The Centre, a day back, dismissed media speculations claiming that the government is unlikely to come up with the IPO of Life Insurance Corporation in the current financial year ending March 2022. “Some media speculation doubting the feasibility of …

Media Report Fiscal Ipo Lic Dipam Lic Ipo
LIC listing in March quarter, says DIPAM secretary Pandey
3 years, 1 month 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 …

India Market Pandey Ipo Lic Fy22 Pse
BPCL, Air India stake sale by September; LIC IPO post October, says DIPAM Secretary
3 years, 11 months ago

BPCL, Air India stake sale by September; LIC IPO post October, says DIPAM Secretary

The Hindu  

The initial public offering of India's largest insurance company LIC is likely after October this year, a top official said on Tuesday laying out the government's divestment calendar that includes completing the sale of flag carrier Air India and oil firm BPCL within the first half of the next fiscal. Targeting to raise ₹1.75 lakh crore from the asset sale …

Finance Spa Budget Air Disinvestment Crore Pandey
Air India Divestment: Intimation Date for Qualified Interested Bidders Extended to Jan 5
4 years ago

Air India Divestment: Intimation Date for Qualified Interested Bidders Extended to Jan 5

News 18  

The government on Thursday said it will intimate qualified interested bidders of Air India on January 5 next year, instead of the earlier decided date of December 29, 2020. The Department of Investment and Public Asset Management on Thursday issued a tenth corrigendum to global invitation for Expression of Interest for the proposed strategic disinvestment of Air India Ltd stating …

Air Interest Lic Qualified Interested Bidders India Divestment
Want to reduce dependence on PSUs during IPOs: DIPAM’s Nukala
5 years, 9 months ago

Want to reduce dependence on PSUs during IPOs: DIPAM’s Nukala

Live Mint  

Mumbai: The Department of Investment and Public Asset Management, the finance ministry’s arm managing PSU divestments, wants to reduce its dependence on public institutions, including insurance companies and banks, during initial public offering, DIPAM joint secretary Venudhar Reddy Nukala said on Tuesday. “In the previous financial year, the investment from LIC and PSU banks was approximately ₹25,000 crore in our …

Reddy Ipo Psu Banks Lic Nukala