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LIC STAKE IN PNB
GAIL, PNB, IREDA among PSU stocks that mutual funds exited before election resultsMutual funds sold shares in several PSU stocks in May ahead of the June 4 outcome with GAIL (India), Punjab National Bank (PNB), Power Fina...- Tata in final talks to buy majority stake in UTI AMC from PSU fin cosOfficials close to the development said internal approvals are in and Tata has received in-principle nod from the other big investor in the...
- Tata Asset Management considers buying 45% in UTI AMCAs of June 30, assets under management (AUM) of UTI AMC and Tata AMC were ₹2.24 lakh crore and ₹88,367 crore, respectively. UTI AMC, listed...
- Few takers for share sale offers by public banksPNB managed to raise about Rs 3,800 crore out of its targeted Rs 7,000 crore while IDBI Bank managed to raise about Rs 1,400 crore out of i...
- UTI MF listing to end Sebi, sponsors’ decade-old tussleThe listing of UTI Mutual Fund (UTI MF) on Monday is set to end the more than a decade-old cold war between markets regulator Sebi on the o...
- UTI AMC's Rs 2,160-crore IPO to open on Sep 29UTI Asset Management Company (AMC) on Thursday fixed a price band of Rs 552-554 per share for its initial public offering (IPO), that will ...
- T Rowe Price to hike stake in UTI Trustee Company to 51%T Rowe Price, already the biggest shareholder in UTI Mutual Fund, will acquire a portion of the shareholding of Life Insurance Corporation ...
- UTI AMC gets Sebi's go ahead to launch IPOThe public offer is expected to raise a little over Rs 3,000 crore, market sources said.
- Cut stake to below 10% immediately, Sebi tells three UTI AMC investorsSebi directed LIC, SBI & BoB to dilute their stakes to below 10% in UTI AMC by Dec next year.
- PSU bets give LIC a Rs 20,000 crore headache as stocks slide up to 43%The biggest loss the insurer has suffered on any PSU stock is not the scam-hit PNB.
- LIC will hold on to its stake in PNBLIC has upped its investment in equities. It has invested Rs 70,000 crore into equities in the first nine months of the financial year, hig...
- LIC increases stake in Punjab National Bank to 14%Post the acquisition of shares, LIC's stake in the bank, which earlier stood at 9.89%, increased by 4.04% to 13.93%.
- LIC in talks with state-run banks for Nomura stake saleLife Insurance Corporation (LIC) has initiated talks with public sector banks to sell the 35 per cent stake held by its Japanese partner No...
- LIC buys PSU stocks, sells private sector blue-chips in Q4State-run insurance giant LIC purchased shares worth an estimated Rs 20,000 crore, mostly of public sector companies.
- PNB shareholders approve preferential issue to Govt, LICThe shareholders at the general meeting yesterday approved issuance of 1.28 cr shares to the govt on preferential basis, PNB said.
- 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...
- Allahabad Bank, Punjab National Bank to sell 5% shares each to Life Insurance Corporation for Rs 2000 croreLIC will buy fresh shares in state-run A'bad Bank and PNB that will compensate for the Union govt's inability to invest funds in the lender...
- PNB to sell stake to LIC for Rs 1,590 croreState-owned Punjab National Bank (PNB) said it proposes to raise Rs 1,590 crore by selling about 1.58 crore shares to LIC.
- LIC of India hikes stake to 10 pc in PNBLife Insurance Corporation of India (LIC) has hiked its stake in Punjab National Bank (PNB) to 10.04 per cent.
- SBI, LIC, others to dilute 50 pc through IPOAsset Management Company will float an initial public offer by March-end next year to help its sponsors - SBI, LIC, PNB and BoB - offload u...
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