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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
Read MoreWill Meet Adani Group Mgmt Soon To Seek Clarification: LIC Chairman
LIC will seek clarification on how Adani Group is managing the whole situation, says the LIC chairman
Read MoreLIC Sells Over 2% Stake In Power Grid In 5 Months
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
Read MoreLIC To Open India's Biggest IPO Issue By Mid-March
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.
Read MoreDPIIT To Make Changes In Existing FDI Policy To Facilitate LIC Divestment
The matter is being discussed with the Department of Financial Services and Department of Investment and Public Asset Management
Read MoreLIC IPO Unlikely To Take Place This Fiscal Due To Delay In Valuation
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.
Read MoreLIC Picks Up Nearly 4% Stake In Bank Of India Through Open Market Transaction
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.
Read MoreBengal FM Writes To Sitharaman Against Privatisation Of Insurance Cos
The privatisation will initiate hydra-headed financial problems while undermining the confidence of the common retail insurers of the poorer sections of the society
Read MoreLIC, SBI Life, Canara Bank Pick Up Stakes In Indian Bank Under QIP
Indian Bank's shares closed at Rs 148.35 apiece on the BSE, up 0.64 per cent from the previous close.
Read MorePrivate Life Insurers' New Premium Income Grows 8 % In FY21
Equity-oriented inflows were modest in March at Rs 9,600 crore, compared to Rs 20,167 crore outflows since June 2020.
Read MoreLIC Collects Highest Ever New Premium Of Rs 1.84 Lakh Cr In FY21
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.
Read MoreBudget proposals positive for India's insurance industry: Fitch
Budget proposals positive for India's insurance industry: Fitch
Read MoreBudget pegs FY22 disinvestment target at Rs 1.75 lakh crore
Budget pegs FY22 disinvestment target at Rs 1.75 lakh crore
Read MoreIDBI Bank offloads 27 pc stake in IFLI for Rs 595 cr
IDBI Bank offloads 27 pc stake in IFLI for Rs 595 cr
Read MoreLIC Staff Union To Hold Walk-Out Strike To Protest Against IPO
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.
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