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GOVERNMENT APPROVAL LIC
LIC plans foray in fintech space, strategic investment also on table: CEO DoraiswamyInsurance giant LIC is exploring a fintech arm to boost digital capabilities. The company is also prepared for potential further stake dilu...- LIC looks to improve return from real estates, to explore option of separate subsidiaryIn the recent past, he said LIC has initiated a comprehensive review of its real estate portfolio to assess the returns and yields it gener...
- Insurance sector may face impact if West Asia crisis prolongs: LIC chief DoraiswamyThe insurance sector may face moderation if the Middle East crisis persists, potentially reducing people's income and impacting spending an...
- 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...
- LIC shares in focus ahead of board meeting to consider first-ever bonus issue. Check detailsLIC shares will be in focus as the insurer considers its first-ever bonus issue, signalling confidence in its financial strength. While the...
- Stocks in news: Chennai Petroleum, LIC, Brigade Enterprises, Sadbhav Engineering, DCX Systems, Aequs, Fino Payments BankIndian stock markets extended their rally for a second straight session, with banking, auto, and consumer stocks driving gains. Several com...
- Govt may consider OFS option for raising public float in IDBI BankThe government may consider selling a stake in IDBI Bank through the Offer-for-Sale (OFS) route to increase public shareholding, after the ...
- Govt may consider OFS option for raising public float in IDBI BankThe government is considering an Offer-for-Sale (OFS) in IDBI Bank to raise public shareholding after a failed attempt to sell a majority s...
- 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...
- Cabinet gives nod for up to 20% FDI in LIC under auto modeThe country's biggest life insurer had filed for the sale of a 5% stake by the government on February 13. The IPO, expected to be the count...
- Cabinet may take up FDI proposal for LIC next weekIndia allows foreign direct investment (FDI) up to 74% in the insurance sector, but this does not apply to LIC, which is governed by the LI...
- IDBI Bank gets govt nod for acquisition by LICThe acquisition of controlling stake by the LIC, it added, would be through preferential issue/open offer of equity.
- LIC-IDBI Bank deal gets cabinet nodThe LIC-IDBI deal has been approved, a source said after the meeting of Union Cabinet, chaired by Prime Minister Narendra Modi.
- Cabinet to soon consider IDBI Bank’s proposal to issue fresh equity to LICIDBI Bank has sought Cabinet approval as the government’s stake will decline to below 50 per cent subsequent to the preferential offer of e...
- LIC-IDBI Bank: Not an easy ride to deal closureIrdai approval is subject to RBI and Sebi approvals,” said a senior Irdai official, on condition of anonymity.
- Finance ministry okays LIC’s Rs 1.5 lakh crore funding of Indian RailwaysLIC had signed a MoU two years ago to invest in the railways through bonds but since this would take its exposure to more than 25% of IRFC’...
- 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...
- LIC to acquire 5% stake in Central Bank, IOB and P&S Bank eachLIC is set to acquire stake in few more government owned banks - Central Bank of India, Indian Overseas Bank and Punjab & Sind Bank- before...
- LIC to pick up to 5% stake in Punjab & Sind BankAt the prevailing share price of PSB, LIC will have to pay about Rs 95 cr to the bank. Shares of the bank today closed at Rs 85.75 apiece, ...
- New LIC branches may need IRDA nodLife Insurance Corporation (LIC) may soon have to take permission from Insurance Regulatory and Development Authority (IRDA) to set up new ...
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