Page 19 of Lic News: Lic Latest News, Lic Today news, Lic Breaking News

Analysts feel if the volatility in the stock markets persists in the coming weeks, it could force a rethink on the timing of the IPO. The likelihood of foreign investors staying away from emerging markets in the event of prolonged conflict in Eastern Europe could also be a dampener.

Market slide casts cloud over LIC IPO; govt insists ‘issue on track’

On February 13, LIC filed the draft red herring prospectus (DRHP) in which the government offered to sell a 5%…

February 25, 2022 02:30 IST

In contrast, all the 23 private insurers together source 23% of their first-year premium through individual agents and around 3% through online direct and web aggregators.

Ease of on-boarding customers: LIC needs to press on the digital pedal

LIC’s agents source 94% of the individual new business premium and just 1% is accounted by sales through its website

February 25, 2022 01:00 IST

Not surprising that finance minister Nirmala Sitharman says there is a buzz around the IPO. Large bank-promoted brokers are adding anywhere between 50,000 and 2 lakh demat accounts each month by new-to-equity customers ahead of the IPO.

LIC IPO takes equity cult deeper in India

HDFC Securities has rolled out a series of measures to attract LIC employees and agents at LIC offices across India…

February 24, 2022 01:33 IST

Govt to go ahead with LIC IPO: Finance Minister Nirmala Sitharaman

Amid the crude prices close to $100 a barrel, the minister said that the surge in crude prices was a…

February 23, 2022 04:00 IST

LIC wants to retain part of its stake in IDBI Bank; we are well-capitalised, says chairman MR Kumar

The chairman added there was “no sense’ as yet of the extent of the stake that would be retained as…

February 22, 2022 05:10 IST

LIC’s non-par focus poses risk for competitors: Credit Suisse

LIC enjoys a 66% market share in new business premiums owing to its strong agency network.

February 22, 2022 01:30 IST

Profits of insurers, manufacturing firms cannot be compared, says LIC chief

Last month, LIC reported a profit after tax of Rs 1,437 crore for the first half of the financial year…

February 21, 2022 22:04 IST

IPO-bound LIC wants to remain IDBI Bank shareholder for bancassurance gain

IDBI Bank became a subsidiary of LIC with effect from January 21, 2019, following the acquisition of an additional 8,27,590,885…

Updated: February 21, 2022 18:01 IST

As the allotment of equity shares will be made only in dematerialised mode there is no need to make a separate nomination with LIC.

Mega share sale: How policyholders can apply for LIC IPO

The maximum bid amount under the policyholder reservation portion will be Rs 2 lakh net of policyholder discount

Updated: February 21, 2022 11:41 IST

LIC IPO to weigh on listed insurance stocks

The issue will fetch anywhere between Rs 50,000 crore and Rs 75,000 crore to the government.

February 19, 2022 02:30 IST

LIC's officials are burning the midnight oil to ensure success of the public issue by talking to institutional investors all through the day across time zones.

Institutional investors seen lining up for mega LIC IPO

The state-run insurer’s market dominance and the possibility of its inclusion in global indices like the MSCI after listing have…

February 19, 2022 01:00 IST

LIC IPO: India’s state-run Life Insurance Corp to launch $8 billion public offering on March 11

LIC’s initial public offering (IPO) is expected to obtain regulatory approval by the first week of March, after which an…

February 18, 2022 14:59 IST

The state-owned insurer is looking to offer investors a little over 316 million shares. Employees and policy holders will be offered a 10% discount to the issue price.

LIC IPO: LIC likely to list around March 10

Should that come, a debut on the stock exchanges is likely in the fourth week; right now, the bankers say…

February 17, 2022 03:45 IST

After excluding lock-in shares, the issue’s free float considered by index providers won’t be 5%, but around 3.5%, while the free-float market capitalisation would be Rs 37,100 crore or $4.98 billion, the report stated.

LIC IPO: “LIC’s entry in FTSE, Sensex, Nifty unlikely in near term”

We believe that FTSE Index inclusion shouldn’t happen before the September 22 review. Also, we don’t see stock entering Sensex…

Updated: February 17, 2022 11:40 IST

As per the issuance calendar for marketable dated securities for October-December FY22, the government was to sell securities worth Rs 24,000 crore each on February 11 and 18. Similarly, Rs 23,000 crore of debt sale is expected on February 25, but that too is expected to be cancelled.

Government Securities: Less G-Sec supply caps yields from rising further

Yields remained stable though retail inflation for January breached the Reserve Bank of India’s (RBI) upper end of the tolerance…

February 17, 2022 02:30 IST

LIC sits on over Rs 21,500 crore unclaimed funds

As per the Draft Red Herring Prospectus (DRHP) filed by the Life Insurance Corporation of India (LIC), the unclaimed amount…

February 16, 2022 15:47 IST

LIC IPO: LIC’s investment in unlisted entities valued at Rs 2,866 crore as of September-end

LIC has invested 37.50% in central government securities, 24.78% in equity securities, 24.61% in state government securities, and 8.07% in…

February 16, 2022 01:00 IST

LIC IPO: DRHP states additional capital support to IDBI Bank may have adverse impact on LIC

The government expects to mobilise about Rs 63,000 crore from the proposed Offer-for-Sale (OFS) to meet the lower disinvestment target…

February 15, 2022 22:10 IST

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