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Latest Articles in Life Insurance Corporation LIC

LIC Increases Its Shareholding In BATA INDIA

In a regulatory filing in BSE, LIC said that its holding in the BATA INDIA crossed 5 per cent and the acquisition of shares were done during the period from 3 January 2022 to 29 March 2023 at an average cost of Rs 1569.33

Will Meet Adani Group Mgmt Soon To Seek Clarification: LIC Chairman

BW Online Bureau

Companies & Markets

LIC will seek clarification on how Adani Group is managing the whole situation, says the LIC chairman

LIC Sells Over 2% Stake In Power Grid In 5 Months

BW Online Bureau

Companies & Markets

The shares were sold at an average price of Rs 220.40 per share during the period through an open market sale in an ordinary course of transaction

LIC To Open India's Biggest IPO Issue By Mid-March

BW Online Bureau

Companies & Markets Sector Reports

LIC's listing is set to be India's biggest ever IPO, with the government aiming to raise up to 900 billion rupees ($12.2 billion) from selling a stake.

DPIIT To Make Changes In Existing FDI Policy To Facilitate LIC Divestment

BW Online Bureau

Companies & Markets

The matter is being discussed with the Department of Financial Services and Department of Investment and Public Asset Management

LIC IPO Unlikely To Take Place This Fiscal Due To Delay In Valuation

BW Online Bureau

Companies & Markets

The government is banking on the listing of LIC IPO and BPCL strategic sale for meeting its disinvestment target of Rs 1.75 lakh crore. Recently, speaking about disinvestment, Finance Minister Nirmala Sitharaman had said the government is progressing well.

LIC Picks Up Nearly 4% Stake In Bank Of India Through Open Market Transaction

BW Online Bureau

Companies & Markets

In the qualified institutional placement (QIP), which closed on August 30, LIC picked up the biggest chunk by acquiring nearly 39.22 per cent (15,90,07,791 shares) of the equity shares offered in the issue.

Bengal FM Writes To Sitharaman Against Privatisation Of Insurance Cos

BW Online Bureau

Companies & Markets

The privatisation will initiate hydra-headed financial problems while undermining the confidence of the common retail insurers of the poorer sections of the society

LIC, SBI Life, Canara Bank Pick Up Stakes In Indian Bank Under QIP

BW Online Bureau

Banking & Finance

Indian Bank's shares closed at Rs 148.35 apiece on the BSE, up 0.64 per cent from the previous close.

Private Life Insurers' New Premium Income Grows 8 % In FY21

BW Online Bureau

Companies & Markets

Equity-oriented inflows were modest in March at Rs 9,600 crore, compared to Rs 20,167 crore outflows since June 2020.

LIC Collects Highest Ever New Premium Of Rs 1.84 Lakh Cr In FY21

BW Online Bureau

Companies & Markets

The insurer's pension and group schemes vertical also created a new record by clocking its highest ever new business premium income of Rs 1.27 lakh crore over a huge base of Rs 1.26 lakh crore in the previous year ended March 31, 2020.

The union said LIC's valuation surplus was Rs 53,211.91 crore, life fund stood at Rs 28.28 lakh crore and asset under management over Rs 31.11 lakh crore at the end of FY19.