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LIC IPO BUDGET
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 IPO filing next week, issue in March: Govt official"A portion of the IPO would be reserved for anchor investors like we have done in case of IPOs of IRFC and RailTel," Pandey added.
- 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 IPO expected shortly, FM Nirmala Sitharaman says in her Budget speechET had earlier reported that the cabinet could take up as soon as next week a proposal to allow foreign investment in LIC, to help facilita...
- Government extends tenure of IPO-bound LIC's chairman for one yearThis is the second extension for the LIC chairman. Last year in June, he was given a nine-month extension in a view of LIC's proposed initi...
- Disinvestment-bound companies in spotlight, more names likely to be addedAnalysts expect that the divestment targets for the new financial year are likely to be elevated, though a lot will depend upon the propose...
- Budget RE discounts proceeds from LIC IPOThe Centre has not accounted for proceeds from the initial public offering (IPO) of Life Insurance Corporation (LIC) in its revised budget ...
- American economy not yet ready for end to Federal stimulus, top official saysWhile the Fed has begun to consider when to taper its massive bond-buying program, New York Fed President John Williams told reporters the ...
- CCEA clears LIC disinvestment; panel headed by FM to decide quantum of stake saleThe Budget amendments to the LIC Act has been notified and the actuarial firm is expected to finalise the embedded value of the life insure...
- LIC IPO: Govt likely to invite bids from merchant bankers this monthThe government is likely to invite bids from merchant bankers this month for managing LIC disinvestment as it moves ahead with plans to lau...
- LIC chief’s term extended to shepherd largest IPOThe IPO of LIC is crucial for the government to achieve its divestment target of Rs 1.75 lakh crore in FY22 as announced in the budget by f...
- Government proposes to hike LIC authorised capital to Rs 25,000 croreCurrently, the paid-up capital of the life insurance company with over 29 crore policies is Rs 100 crore.
- Hold an LIC policy? Smile! You will have a quota in the IPO"In the Finance Bill 2021-22, it has been proposed to have a reservation on a competitive basis, to an extent of up to 10 per cent of the i...
- Big Bang: LIC IPO to lend sparkle to markets this DiwaliSpeaking to IANS, Disinvestment Secretary Tuhin Kanta Pandey noted the fact that LIC is a complex undertaking but the government is up to t...
- Govt gets in on the act to prepare LIC for FY22 listingThese statutory amendments, made public in the Finance Bill on Monday after the budget, will enable the life insurer to comply with key lis...
- Budget: LIC IPO coming; 2 PSU banks, 1 insurer to be soldTo facilitate the sale of the LIC stake, the government will need Parliament approval to amend the LIC Act.
- LIC IPO may spill over to next fiscalDIPAM Secretary Tuhin Kanta Pandey said the pre-IPO work of LIC is going on at four stages and only after the four stages converge, then a ...
- LIC IPO may not come this year, says report“Even if one is appointed now, it may take six to eight months for the valuation to be done, given huge land assets of the state-owned insu...
- Decks cleared for ‘largest ever’ LIC IPOAdvisors should have handled IPOs of more than Rs 5,000 cr during the last three years.
- LIC Housing Finance shares add 3% after government announces LIC IPO"IPO of LIC will bring transparency in its functioning," said Anil Rego.
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