PNB 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...

The 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 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, already the biggest shareholder in UTI Mutual Fund, will acquire a portion of the shareholding of Life Insurance Corporation ...

The public offer is expected to raise a little over Rs 3,000 crore, market sources said.

Sebi directed LIC, SBI & BoB to dilute their stakes to below 10% in UTI AMC by Dec next year.

The biggest loss the insurer has suffered on any PSU stock is not the scam-hit PNB.

LIC 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...

Post the acquisition of shares, LIC's stake in the bank, which earlier stood at 9.89%, increased by 4.04% to 13.93%.

Life Insurance Corporation (LIC) has initiated talks with public sector banks to sell the 35 per cent stake held by its Japanese partner No...

State-run insurance giant LIC purchased shares worth an estimated Rs 20,000 crore, mostly of public sector companies.

The shareholders at the general meeting yesterday approved issuance of 1.28 cr shares to the govt on preferential basis, PNB said.

LIC is set to acquire stake in few more government owned banks - Central Bank of India, Indian Overseas Bank and Punjab & Sind Bank- before...

LIC 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...

State-owned Punjab National Bank (PNB) said it proposes to raise Rs 1,590 crore by selling about 1.58 crore shares to LIC.

Life Insurance Corporation of India (LIC) has hiked its stake in Punjab National Bank (PNB) to 10.04 per cent.

Asset Management Company will float an initial public offer by March-end next year to help its sponsors - SBI, LIC, PNB and BoB - offload u...