The state-owned insurer had filed its draft red herring prospectus (DRHP) on February 13 for the public offer, which would fetch the govern...

All policies other than group policies qualify for Bidding in the Policyholder Reservation Portion. The total number of reservations for el...

IDBI Bank became a subsidiary of LIC with effect from January 21, 2019 following the acquisition of an additional 827,590,885 equity shares...

Purely in terms of AUM, LIC s also the largest asset manager in India as of September 30, 2021, with an AUM of ₹39 lakh crore which include...

Over 90 per cent of LIC's policyholders’ equity investments are a part of the Nifty200 and BSE200 indices as of September 30, 2021, the lif...

“I think LIC is a very good IPO but it may not be the right time for it,” said Basant Maheshwari, the co-founder of Basant Maheshwari Wealt...

“We will see how the market you know reacts to it and what sort of valuation just got embedded. We are still awaited and this is a sector w...

When the IPO is complete, it would surpass the previous record set by Paytm’s owner, One97Communications, which raised Rs 18,300 crore last...

LIC infused Rs 4,743 crore into IDBI Bank using policyholders’ funds. IDBI Bank raised Rs 14,351.80 million on December 19, 2020 by way of ...

The government is yet to clarify how much money it wishes to earn from selling shares in the insurers. Though it will be selling 31,62,49,8...

Overall, LIC held a total of Rs 9,78,493.81 crore worth equity investments as of September 30, representing 24.78 per cent of the total Rs ...

According to ET NOW sources, the government is likely to sell a 5-7 per cent stake in the IPO, to raise as much as Rs 65,000-75,000 crore f...

"A portion of the IPO would be reserved for anchor investors like we have done in case of IPOs of IRFC and RailTel," Pandey added.

ET NOW quoted sources as saying that the government may look to offload 5 per cent stake initially for Rs 65,000 crore to Rs 75,000 crore, ...

The draft prospectus is likely to be submitted to SEBI in the next few days, said the sources, who were not authorised to speak to media an...

There are ample roadblocks in NSE’s IPO path and the company has not yet taken clearance or moved to file its (draft red herring prospectus...

Since the LIC Act has no provision for foreign investments, there is a need to align the proposed LIC IPO with Sebi norms regarding foreign...