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LIC DIVESTMENT
LIC OFS: Non-retail portion booked 55% on Day 1. Here’s what investors should knowLIC's Rs 31,410-crore offer for sale (OFS) saw the non-retail portion subscribed 55.1% by noon on Day 1. The government aims to pare its st...- LIC shares sink 9% as OFS opens at 11% discount. Here's all you need to knowLIC shares plunged nearly 9% after the government’s offer for sale (OFS) to divest up to a 6.5% stake in the insurer opened for institution...
- Government unveils offer for sale to dilute LIC stakeThe Centre has announced an Offer for Sale in Life Insurance Corporation of India. This issue will open for non-retail investors on Tuesday...
- IDBI Bank shares jump 3% as Fairfax set to make biggest foreign investment in Indian lender, buy stake worth Rs 53,000 crFairfax Holdings has been finalized for the IDBI Bank stake sale. This significant deal is expected to be worth approximately Rs 53,000 cro...
- Cochin Shipyard shares dip 2% as govt’s OFS opens for retail investors todayCochin Shipyard shares fell over 2% as the Centre's OFS opens for retail investors after the non-retail portion was subscribed 3.52 times. ...
- Govt fast-tracks disinvestment process to shore up revenues, garners 31% of budget aim in Q1 FY27The government is accelerating its disinvestment and asset monetisation drive, achieving 31% of its full-year target in just the first quar...
- Govt lines up PSU stake sales to cushion budget hit from oilIndia is accelerating plans to divest stakes in major state-owned entities, including the nation's largest insurer, Life Insurance Corp., t...
- GIC shares dip 4% as Rs 3,088 crore OFS opens for retail investors. Should you participate?General Insurance Corporation of India shares saw a dip as the government initiated an Offer for Sale. Retail investors can now bid for a s...
- GIC shares decline 6% as Rs 3,088 crore OFS opens at 9% discountThe government is set to divest up to a 5% stake in General Insurance Corporation of India (GIC) through an offer for sale, opening today a...
- NLC India shares fall 3% as OFS worth up to Rs 1,263 crore opensThe government is set to launch an Offer for Sale (OFS) to divest up to 3% of its stake in NLC India, valued at approximately Rs 1,263 cror...
- Govt plans up to 2% LIC stake sale, may raise Rs 10,000 croreThe government plans to sell up to a 2% stake in LIC, potentially raising Rs 10,000 crore. This move aims to deepen public shareholding ami...
- India said to prepare Rs 10,000 crore LIC stake sale next monthIndia is preparing to launch a new share sale for Life Insurance Corporation of India next month. This offering could bring in as much as R...
- IDBI Bank shares jump 2% as Sebi approves LIC reclassification as a public shareholderIDBI Bank's shares surged following SEBI's approval to reclassify LIC as a public shareholder after the government's divestment. LIC's voti...
- Govt plans gradual 6.5% divestment in mega insurer LIC: ReportThe government plans to divest its stake in LIC through multiple smaller tranches via the offer for sale (OFS) route, aiming to give retail...
- Disinvestment-bound companies in spotlight, more names likely to be addedAnalysts expect that the divestment targets for the new financial year are likely to be elevated, though a lot will depend upon the propose...
- Transaction advisors for IDBI Bank stake sale can submit bids till July 22The department Friday clarified that government and LIC of India intend to sell their full stakes, with an open offer also possible as per ...
- Will LIC IPO happen in FY22? Analysts expect lower divestment target in BudgetAnalysts have projected the divestment target for FY21 at around Rs 40,000-70,000 crore against the ambitious goal of Rs 2.1 lakh crore tar...
- LIC Housing Finance shares add 3% after government announces LIC IPO"IPO of LIC will bring transparency in its functioning," said Anil Rego.
- ET View: List Life Insurance Corporation swiftlyLIC's value will also help put govt finances in better shape & create a level playing field in insurance.
- LIC divests 2 per cent stake in Mahindra & MahindraPost the stake sale of the 2.001 per cent shares, LIC now has 9.958 per cent stake in the company, M&M said in a filing to BSE.
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