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LIC ITC STAKE
Stocks in news: ITC, LIC, Sun Pharma, Maruti Suzuki, Fino Payments BankBenchmark indices experienced a negative close on Thursday, marked by volatile trade and profit booking. Analysts anticipate the Nifty to c...- LIC’s $2 billion contrarian bet: 10 stocks the DII giant bought while the market bledLife Insurance Corporation of India invested nearly $2 billion in 10 stocks during the March quarter's market fall. LIC bought shares in co...
- ITC starts sending dividend money to 36 lakh shareholders, Rs 1,800 crore payout for LIC aloneITC shareholders as of the record date of May 30 will get a final dividend of Rs 6.75 per share and a special dividend of Rs 9.75 per share...
- ITC falls as LIC may need to cut stake, drags SensexAs of June 30, 2017, LIC was holding 16.29 per cent stake in ITC.
- LIC will have to prune stake in ITC & L&T to 15%Earlier this year, Irda had asked India's biggest life insurance company for a roadmap.
- LIC may get to keep company stakes above 15%Irda is likely to say that stateowned LIC can maintain its stakes in about 40 entities.
- LIC will have to reduce its exposure in ITC, Corporation Bank, L&T to 15%; here’s whyIRDAI had sought a plan from LIC on time frame as well as on quantum of stake dilution.
- State insurers need not pare investments in tobacco companies like ITCLast month, 7 persons had filed a PIL in the Bombay HC against IRDAI, and five state-run insurance companies for investing in tobacco compa...
- Irdai asks LIC to trim holdings in companies to 15% or belowLIC also owns around 15 per cent in Axis Bank (14.49 per cent, again part of the Suuti holdings), Uco Bank (14.5 per cent), and IDBI Bank (...
- Should government stop investing in tobacco companies via its insurance firms?The statistics shows every third tobacco user dies a premature death, it causes nearly half the cancer cases in India and 90% of mouth canc...
- How much control could the government exert in private sector entities?The value of the stakes of the government and its wholly owned arms in ITC, L&T and Axis Bank alone exceed Rs 1,80,000 crore.
- Plea against LIC stake in ITC: FinMin, SEBI to be made partiesThe court asked the petitioners, the Tata Memorial Hospital doctors, to make ministry of commerce and industry, SEBI and ITC too parties to...
- LIC to cap stake in listed firms at 15%, ITC slipsLIC was holding 16.26 per cent stake in ITC, as of March 31, 2017.
- LIC has faced objections to tobacco investmentsAn independent board member had raised the issue of LIC investing in a tobacco company in 1997.
- LIC plans to buy 5% more in Larsen & Toubro“We have taken approval from the regulator to buy an additional 5% stake in L&T from SUUTI,“ said an official from LIC. “We have not decide...
- Irda asks LIC to get board nod for SUUTI stake buyThe insurer is keen on buying the stake of SUUTI, an organisation that the government carved out of the Unit Trust of India to save the mut...
- SUUTI-linked stocks rise on LIC stake buying talkAll these stocks traded higher on Thursday, with ITC gaining 0.20 per cent, Axis Bank 0.55 per cent and L&T 0,70 per cent.
- LIC buys PSU stocks, sells private sector blue-chips in Q4State-run insurance giant LIC purchased shares worth an estimated Rs 20,000 crore, mostly of public sector companies.
- LIC may buy out erstwhile Unit Trust of India's stakes in ITC, Axis Bank and Larsen & ToubroLife Insurance Corp (LIC) has offered to buy out the erstwhile Unit Trust of India's stakes in ITC, Axis Bank and Larsen & Toubro (L&T).
- LIC may get to retain stake in blue chips over 10%In a move that will enable LIC to retain its stake in blue chips like ITC, Ranbaxy, L&T, ACC, Reliance Infra and Cipla, the insurance regul...
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