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LIC NEWS UPDATE
LIC CFO Sunil Agrawal resigns to pursue 'better prospects'Sunil Agrawal, the Chief Financial Officer of Life Insurance Corporation of India (LIC), has resigned to explore new career opportunities. ...- Ahead of Market: 10 things that will decide stock market action on WednesdayDomestic equity benchmarks ended lower on Tuesday, snapping a three-session rally amid profit booking in financial, realty and consumer sto...
- LIC likely to announce its first-ever bonus issue tomorrow: Check key things to knowLife Insurance Corporation of India is expected to announce its first-ever bonus share issue after its April 13 board meeting. The move may...
- LIC granted 10 years to comply with 25% public shareholding normsIn a stock exchange filing, the insurance giant said the Department of Economic Affairs, Ministry of Finance, in a memorandum dated Decembe...
- LIC gets time till 2032 to follow 25% public shareholding ruleIn May 2022, the government had sold 3.5% stake in LIC IPO, which was an entirely (offer for sale) worth around Rs 21,000 crore. It remains...
- LIC Q4 Results: PAT grows multifold to Rs 13,428 crore; net premium income falls 8% YoYThe profit grew 466% from Rs 2,371 crore in the same quarter of last year.
- LIC has no plans to reduce exposure on Adani cos as of now: MDLIC had earlier said its total; exposure to Adani Group companies is 0.975% of its total assets under management (AUM) at book value. LIC's...
- Features of LIC New Pension Plus planFeatures of LIC New Pension Plus plan
- LIC IPO to list on Tuesday: All you need to know about the issue
- LIC launches India's largest IPO; issue opens on May 4. All details hereInvestors can bid for shares in a lot size of 15 shares, and multiples thereof. There is an employee reservation of 15.81 lakh shares while...
- 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.
- LIC IPO: Govt mulls selling 7% stake for ₹50,000 cr in insurer next monthThe government is discussing selling as much as a 7% stake in LIC through the listing, according to the people, who asked not to be identif...
- Govt to file final papers for LIC IPO with Sebi soonLIC had, on February 13, filed the draft red herring prospectus (DRHP) for LIC IPO. Earlier this week, Sebi gave approval to the draft pape...
- Govt watching market on LIC, hopes to bring out IPO soon: DIPAMThe market has been choppy in the last two months due to concerns over monetary tightening, rising inflation and an ongoing war in Europe t...
- LIC IPO may be postponed to next fiscal year amid Ukraine crisis: ExpertsGenerally, in a highly volatile market, investors tend to play safe and refrain from making fresh investments. Thus, the equity market need...
- Ukraine crisis: Govt may defer LIC IPOThe government was expecting to garner Rs 63,000 crore by selling 5 per cent stake in the life insurance firm to meet the curtailed disinve...
- 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,...
- LIC IPO may be a great opportunity for investors but is the timing right?“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...
- LIC IPO: Govt may offload 5% stake for Rs 65,000-75,000 croreET 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, ...
- LIC International eyeing tie-up with financial institutions in BahrainLIC (International) is in talks with Bahrain-based financial institutions to become a part of their distribution channel in the Gulf nation.
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