LIC IPO: Investment bankers advice Centre against a hurried launchThe group of ministers tasked with decisions relating to strategic disinvestment is expected to soon consider the pricing of LIC's initial ...
LIC PAN link deadline: Last date for policyholders to update PAN to apply for IPOLast date for a policyholder to update his or her PAN was before February 28, 2022. Individuals who update their PAN after the deadline wil...
Are PMJJBY policyholders eligible for discounted LIC IPO shares?All policies other than group policies qualify for Bidding in the Policyholder Reservation Portion. The total number of reservations for el...
These LIC policyholders can't apply for discounted IPO sharesMany policyholders may be interested in applying for allotment in the IPO. However, not all LIC policyholders will be eligible to apply via...
Can NRI LIC policyholders apply for discounted IPO shares?NRI policyholders or other policyholders residing out of India cannot apply under Policyholder Reservation Portion. Here what NRIs who want...
Can an LIC policyholder with lapsed policy apply for discounted IPO shares?To be eligible for reservation under the Policyholder Reservation Portion category, the policy should have been issued on or before the dat...
LIC policyholders need to update PAN details by Feb 28 to participate in IPOThe initial public offering (IPO) of over 31.6 crore shares or 5 per cent government stake is likely to hit the market in March and employe...
Additional capital support to IDBI Bank may have adverse impact on LIC: DRHPIDBI Bank became a subsidiary of LIC with effect from January 21, 2019 following the acquisition of an additional 827,590,885 equity shares...
LIC ROE highest among global peers, 4x its nearest competitor!The life insurer's draft red herring prospectus (DRHP) suggests it is the eighth largest life insurer in terms of assets globally, with tot...
LIC files DRHP with Sebi for India's largest IPO, govt to offload 5% stakeThe issue is completely an offer for sale of 31,62,49,885 equity shares by the promoter, which holds a 100 per cent stake in the insurance ...
LIC's market cap could be Rs 22 lakh crore, ahead of RelianceThe 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...
LIC policyholders may get 5% discount in IPO; DRHP filing likely this weekAccording 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...
IPO-bound LIC ropes in 6 independent directors on its boardLIC last month appointed six independent directors on its board to meet regulatory norms of corporate governance. LIC appointed former fina...
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...
LIC set to approach regulator for nods before filing DRHPLife Insurance Corporation (LIC) will soon reach out to insurance regulator the Insurance Regulatory and Development Authority of India (IR...
LIC IPO timeline likely to come in BudgetLife Insurance Corporation of India is preparing its financial results for the December quarter and data on assets under management, as the...
LIC to file draft IPO papers with Sebi next monthSince the LIC Act has no provision for foreign investments, there is a need to align the proposed LIC IPO with Sebi norms regarding foreign...