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LIC GOVT STAKE
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...- LIC shares drop 4% on Rs 10,000 crore govt stake sale buzzLIC shares fell as much as 4% on Wednesday after a report said the government may begin formal marketing next month for a proposed stake sa...
- 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...
- Govt to sell minority stake in LICThe government is planning to further reduce its stake in Life Insurance Corporation (LIC) through an offer for sale (OFS). Currently holdi...
- IDBI Bank shares rise 7% after RBI submits 'Fit & Proper' reportIDBI Bank's shares surged 7% to Rs 94 on BSE after RBI approved 'fit and proper' bidders ahead of Union Budget 2024. The bank, earmarked fo...
- India govt open to selling stake in GIC Re, LIC in FY24/25, says sourceThe Indian government is likely to sell a minority stake in General Insurance Corporation of India and Life Insurance Corporation of India ...
- LIC to announce its Q1 results on August 10Life Insurance Corp (LIC), India's state-owned insurance giant, will release its unaudited financial results on August 10. The company's sh...
- Govt receives several EoIs for IDBI Bank stake saleJC Flowers, Carlyle Group, Canada-based Fairfax group and Japanese Bank Sumitomo Mitsui are understood to have evinced interest in IDBI Ban...
- Centre receives multiple preliminary bids for 61% stake in IDBI BankThe 60.72% stake in IDBI Bank is being sold by the government and Life Insurance Corporation (LIC), for which they had invited bids for in ...
- India seeks $7.7 billion value for IDBI Bank in stake saleA sale of the majority stake could be completed as soon as in the next fiscal year starting from April 1. The federal government and the st...
- Rahul Gandhi says Modi government undervalued LICLIC has fixed the price band at Rs 902-949 per equity share for the issue. The offer includes a reservation for eligible employees and poli...
- LIC IPO likely to open between May 4-9; govt eyes RHP this weekThe issue size is expected to be worth Rs 21,000 crore, valuing the country's largest insurer at Rs 6 lakh crore.
- Potential investors in LIC's giant IPO fret over govt control of insurer"The government tends to act as a regulator, manager and shareholder and it tends to get its position confused at different points of time,...
- Global investors queue up for LIC IPO anchor bookBlackstone, BlackRock, Abu Dhabi Investment Authority, Govt of Singapore Investment Corp and Capital International are understood to have h...
- Govt okays IDBI Bank strategic divestmentThe Cabinet Committee on Economic Affairs, which met under the chairmanship of Prime Minister Narendra Modi, gave its in-principle go ahead...
- Fiscal pressures prompt Modi govt to raise money from finance sectorGovt skipped injecting fresh capital into lenders for the first time since it came to power in 2014.
- Government to disinvest LIC partiallyThe government has decided to get LIC listed on the markets. The announcement was made by Finance Minister Nirmala Sitharaman in her Budget...
- Corporate governance standards intact, Ratan Tata assures LIC“We were apprised that all listed firms will soon take a decision on Mistry’s continuity on their respective boards,” a person close to the...
- A principled LIC can never go the UTI way, says its chairman DK MehrotraThere can be some differential treatment for a player who has been in biz for 56 years, says LIC chairman DK Mehrotra
- If govt continues to treat LIC as an extension of coffers, co may lose strengthLIC manages assets worth Rs 13 lakh crore which is equal to 15% of India's gross domestic product of Rs 85 lakh crore.
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