Page 21 of LIC

India seeking Rs 15 lakh crore valuation for LIC IPO; wants to pit it in the league of RIL, TCS

The so-called embedded value of Life Insurance Corp. of India is likely to be more than Rs. 4 lakh crore,…

January 12, 2022 13:47 IST

India aims to file LIC IPO prospectus in final week of January

LIC plans to file the draft IPO prospectus in the week starting Jan. 31, which will provide the embedded value…

January 12, 2022 09:13 IST

After raising over Rs 1 lakh crore from the primary market, the pipeline for the next year looks robust with insurance behemoth Life Insurance Corporation (LIC) set to hit the market in 2022. (File/Reuters)

2021 – Looking Back: Markets rally — Retail investors make up for portfolio outflows

Markets hit new highs during the year, thanks to strong inflows from domestic investors, which has cushioned the periodic withdrawals…

December 31, 2021 04:45 IST

LIC, OYO, Delhivery IPOs in 2022; other major public issues to watch out for

Kotak Mahindra Capital Company in its report stated that the IPO frenzy will continue in 2022, adding that it will…

December 27, 2021 15:05 IST

LIC IPO: Govt rubbishes reports of delay, says, LIC on track for IPO in Jan-Mar

Media speculation doubting the feasibility of LIC IPO this fiscal year is not correct. It is reiterated that plan is…

Updated: December 20, 2021 12:19 IST

RBI allows LIC to double its holding in IndusInd Bank

The Reserve Bank of India (RBI) has approved India’s largest insurer Life Insurance Corporation (LIC) to double its stake in…

December 10, 2021 11:26 IST

Share Market Highlights: Sensex ends flat with positive bias, Nifty at 17369; Airtel, Nestle top gainers

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic benchmark indices closed flat with marginal gains on the…

Updated: September 9, 2021 16:26 IST

LIC Offer: Rs 3000 off on reviving lapsed policies with receivable premium of Rs 3 lakh and above

LIC said that in view of the prevailing circumstances, concessions are being offered in late fees other than Term Assurance…

September 1, 2021 13:20 IST

“Now, strategic disinvestment actually is going to be the primary mode,” Pandey said. This will pave way for more space for private sector to grow businesses while it will also spare the government from frequent capital infusion in PSUs such as public sector banks.

Disinvestment: BPCL, LIC transactions by year-end, strategic sales in focus, says Dipam secretary Tuhin Pandey

LIC initial public offer (IPO) will be the largest IPO in India and one of the large IPOs globally as…

July 29, 2021 03:45 IST

This move is in tune with the demand for larger spaces and affordability, and good traction for loans in the ticket size of Rs 5-20m.

Stock exchanges examining preferential share issue to parent: LIC Housing Finance

In June this year, LIC Housing Finance had informed that LIC will infuse equity capital of about Rs 2,334.70 crore…

July 17, 2021 22:01 IST

CCEA clears LIC disinvestment; panel headed by FM to decide quantum of stake sale

LIC IPO may include fresh equity share issue along with govt stake sale; may hit street by January 2022

The government of India has been planning to divest its stake in LIC for quite a while now.

July 16, 2021 14:51 IST

Govt seeks to appoint bankers, legal advisor, registrar for LIC IPO

The percentage of paid-up equity to be issued/divested as part of the IPO will be determined based on the post…

July 16, 2021 02:30 IST

LIC’s stake in IDBI Bank to be sold along with govt’s: DIPAM

The central government and LIC together own more than 94 per cent equity of IDBI Bank.

July 9, 2021 22:05 IST

The sale of assets to ARCs, banks, non-banking finance companies and financial institutions will be on ‘as is where is and as is what is basis’ and without recourse basis to IDBI Bank.

EoI for sale of IDBI Bank likely by September

As per the plan, the government will exit the IDBI Bank by divesting its entire 45.48% stake worth about Rs…

June 23, 2021 05:50 IST

As coronavirus leads to rise in insurance claims, this LIC agent travels Delhi-NCR on bike… and boats

53-year-old LIC agent Binda Rawat has been travelling across Delhi-NCR for the past decade and a half due to his…

June 20, 2021 15:20 IST

LIC Card Services Limited eyes foray into e-gift card market with Shagun launch. Check features, benefits

Shagun Gift card can be used at millions of merchant outlets and e-commerce websites in India to diversify spending options…

June 16, 2021 11:47 IST

LIC PMVVY plan: For Rs 15 lakh, Rs 9250/month pension and total cashback after 10 years! Here’s how to buy

PMVVY scheme details: Senior citizens aged 60 or above can subscribe to Pradhan Mantri Vaya Vandana Yojana (PMVVY) through LIC…

Updated: May 23, 2021 14:48 IST

Life insurers’ new business premium up 45% at Rs 9,739 crore in April

All 24 life insurers had collected Rs 6,727.74 crore as new business premium during the same month a year ago.

May 7, 2021 19:59 IST

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‘Private credit won’t replace bank credit, ‘ says Kanchan Jain

Banking & Finance49 min ago

Ascertis Credit has successfully raised $520 million in the first close of Fund IV, with a target of $1 billion by next year. Head of the group, Kanchan Jain, discusses the growth of India’s private credit market and the fund’s plans. While the RBI’s allowance for banks to do acquisition financing may not impact private credit funds, experienced credit managers are needed for large transactions.

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