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LIC scrip closed at Rs 688.75 apiece on BSE, down by 1.09 per cent from the previous close

LIC To List On Bourses Today: Check Share Price And Other Details

The share sale was initially planned to hit the markets in March. But the uncertainty in stock markets due to the Russia-Ukraine war pushed the issue to the current fiscal, which began in April

FinMin, Sebi To Decide On Relaxating LIC Minimum Public Holding: DIPAM Secy

Speaking at the event, Financial Services Secretary Sanjay Malhotra said that the embedded value of new companies is small, and they have larger growth potential

Centre To Sell 3.5% Stake In Life Insurance Corp: Sources

The finance ministry did not immediately respond to an email seeking comment which was sent outside of business hours

Government Assessing Investor Interest In IDBI Bank Privatisation Through Roadshows

Banking & Finance

he Cabinet Committee on Economic Affairs had in May last year given in-principle approval for strategic disinvestment and transfer of management control in IDBI Bank

Kerala Assembly Passes Unanimous Resolution Against LIC IPO

He criticised the Centre for amending the LIC Act by including it in the Finance Bill

Ebixcash To Bring Another IPO Next To LIC

Ebixcash aims to raise Rs 6,000 crore from the IPO. The company is the Indian unit of Ebix Inc (Ebixcash Inc) listed in the US market Nasdaq

LIC Sits On Over Rs 21,500 Cr Unclaimed Funds

As per the Draft Red Herring Prospectus (DRHP) filed by the Life Insurance Corporation of India (LIC), the unclaimed amount was at Rs 18,495 crore at the end of March 2021 and Rs 16,052.65 crore at the end of March 2020

LIC Returns May Reduce For Policyholders; Changes In Rules Of Surplus Distribution

In the document filed by LIC in SEBI, it has been said that section 24 of the LIC Act has been amended. Before the amendment in Section 24 of the LIC Act, the company used to have a Consolidated Life Fund.

LIC Didn't Pay Dividend To Centre In FY21: Union Minister Karad

The central government is expected to file draft papers for the mega IPO of LIC with market regulator Sebi this month. The embedded value of LIC is estimated at over Rs 5 lakh crore.

Ahead Of IPO, LIC Asks Policyholders To Update PAN Details; Open Demat Account

In relation to DEMAT accounts, it said, if a policyholder currently does not hold a valid DEMAT account, he or she should consider opening it at their own cost.

LIC's Stake In IDBI Bank To Be Sold Along With Govt's: DIPAM

Of the Rs 1.75 lakh crore, Rs 1 lakh crore is to come from selling government stake in public sector banks and financial institutions, while Rs 75,000 crore would come as CPSE disinvestment receipts.

"IPOs of Policybazaar, Zomato, Paytm Look Interesting": Deven Choksey

Ruchit Purohit

Companies & Markets Markets Stock Market

The buoyant secondary market and availability of money with the investors has primarily led to the spurt in the primary markets lately. With companies like Zomato, Paytm, LIC, and others going public soon, the IPO market is going to turn historic this year Deven Choksey, Managing Director, KR Choksey Investment Managers tells Ruchit Purohit of BW Businessworld.

The IPO Bandwagon

Ashish Sinha

The frenzied rush by companies to go public since the start of the year, along with marquee names like GoFirst, Zomato, Nuvoco Vistas, Paytm and LIC that are waiting in the wings, could well make FY22 a historic year for IPOs

Insurance, MF Players Cut Equity Investments In Q4; LIC Booked Profits: Report