Government Stake In Lic
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Government, LIC To Sell Majority Stake In IDBI Bank
The Indian government is looking to sell a 60.72% majority stake in IDBI Bank and has invited expressions of interest, it said in a notification on Friday.
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No Timeline From Government For Selling IDBI Stake, Says LIC Chairman
Life Insurance Corporation has said it has not received any timeline from the government for the stake sale in its subsidiary IDBI Bank.
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LIC "Significantly Undervalued": Congress Questions Pared Down Listing
The Indian government has said it expects to raise up to Rs 21,000 crore, just a third of its original target, from selling a 3.5 per cent stake in LIC in the country's biggest IPO.
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Government Seeks Rs 30,000 Crore From LIC IPO, Half Of Earlier Estimate: Report
The government is planning to raise about Rs 30,000 crore ($3.93 billion) from selling a just over 5% stake in insurance behemoth Life Insurance Corporation of India, a government source said.
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LIC IPO: Government Unlikely To Reduce Its Stake In LIC For At Least 2 Years
The government is not likely to reduce its stake in LIC for at least 2 years following the insurers listing because such a move could affect returns for investors participating in the mega IPO.
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LIC Has Rs 21,500 Crore Unclaimed Funds. How To Check
The LIC IPO is expected to come in March. The central government is hoping to sell five per cent stake through the IPO.
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Government To Revise FDI Policy To Allow Life Insurance Corporation's Stake Sale
Government is making changes in the FDI policy to allow disinvestment of Life Insurance Corporation of India
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Government May Let Foreign Investors Buy Up To 20% In LIC IPO: Report
The listing of LIC is set to be the country's biggest ever initial public offering, with the government aiming to raise up to Rs 90,000 crore from its stake sale.
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Cabinet Approves Strategic Stake Sale In IDBI Bank
The government of India and LIC together own more than 94 per cent stake in IDBI Bank
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Opposition Raises Concerns Over Aggressive Disinvestment, Asset Monetisation Plan
Participating in a discussion on Supplementary Demands for Grants Second batch for 2020-21, Supriya Sule of NCP said eight ministries have lined up asset monetisation plan and the government's stake in LIC is also being diluted
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Government Likely To Announce Sale Of IDBI Bank, Stake in LIC: Sources
The government plans to announce the sale of a 10 per cent to 15 per cent stake in the state-run Life Insurance Corporation in next week's budget, as part of a privatisation push to improve public finances, two government sources said
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Government Selling Country's Assets "Shameful": Rahul Gandhi
Congress leader Rahul Gandhi on Tuesday accused the Modi government of selling the country's assets to recover its economic losses and described as "shameful" reports of the sale of stake in Life Insurance Corporation (LIC).
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LIC Stake Sale To Help Improve Insurer's Administration, Accountability: Nirmala Sitharaman
LIC IPO: Set up in 1956, LIC currently controls a majority share in the life insurance market in the country.
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IPO Will Make LIC Disinvestment More Transparent: Nirmala Sitharaman
The Finance Minister further said that the central government was seeking ways to decriminalise the tax laws in the country.
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LIC Staff To Hold Strike On February 4 Against Proposed Share Sale In Budget
LIC Strike: Life Insurance Corporation (LIC) of India employees will hold nationwide strike on Tuesday to protest against the government's move to sell stake.
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Government, LIC To Sell Majority Stake In IDBI Bank
The Indian government is looking to sell a 60.72% majority stake in IDBI Bank and has invited expressions of interest, it said in a notification on Friday.
-
No Timeline From Government For Selling IDBI Stake, Says LIC Chairman
Life Insurance Corporation has said it has not received any timeline from the government for the stake sale in its subsidiary IDBI Bank.
-
LIC "Significantly Undervalued": Congress Questions Pared Down Listing
The Indian government has said it expects to raise up to Rs 21,000 crore, just a third of its original target, from selling a 3.5 per cent stake in LIC in the country's biggest IPO.
-
Government Seeks Rs 30,000 Crore From LIC IPO, Half Of Earlier Estimate: Report
The government is planning to raise about Rs 30,000 crore ($3.93 billion) from selling a just over 5% stake in insurance behemoth Life Insurance Corporation of India, a government source said.
-
LIC IPO: Government Unlikely To Reduce Its Stake In LIC For At Least 2 Years
The government is not likely to reduce its stake in LIC for at least 2 years following the insurers listing because such a move could affect returns for investors participating in the mega IPO.
-
LIC Has Rs 21,500 Crore Unclaimed Funds. How To Check
The LIC IPO is expected to come in March. The central government is hoping to sell five per cent stake through the IPO.
-
Government To Revise FDI Policy To Allow Life Insurance Corporation's Stake Sale
Government is making changes in the FDI policy to allow disinvestment of Life Insurance Corporation of India
-
Government May Let Foreign Investors Buy Up To 20% In LIC IPO: Report
The listing of LIC is set to be the country's biggest ever initial public offering, with the government aiming to raise up to Rs 90,000 crore from its stake sale.
-
Cabinet Approves Strategic Stake Sale In IDBI Bank
The government of India and LIC together own more than 94 per cent stake in IDBI Bank
-
Opposition Raises Concerns Over Aggressive Disinvestment, Asset Monetisation Plan
Participating in a discussion on Supplementary Demands for Grants Second batch for 2020-21, Supriya Sule of NCP said eight ministries have lined up asset monetisation plan and the government's stake in LIC is also being diluted
-
Government Likely To Announce Sale Of IDBI Bank, Stake in LIC: Sources
The government plans to announce the sale of a 10 per cent to 15 per cent stake in the state-run Life Insurance Corporation in next week's budget, as part of a privatisation push to improve public finances, two government sources said
-
Government Selling Country's Assets "Shameful": Rahul Gandhi
Congress leader Rahul Gandhi on Tuesday accused the Modi government of selling the country's assets to recover its economic losses and described as "shameful" reports of the sale of stake in Life Insurance Corporation (LIC).
-
LIC Stake Sale To Help Improve Insurer's Administration, Accountability: Nirmala Sitharaman
LIC IPO: Set up in 1956, LIC currently controls a majority share in the life insurance market in the country.
-
IPO Will Make LIC Disinvestment More Transparent: Nirmala Sitharaman
The Finance Minister further said that the central government was seeking ways to decriminalise the tax laws in the country.
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LIC Staff To Hold Strike On February 4 Against Proposed Share Sale In Budget
LIC Strike: Life Insurance Corporation (LIC) of India employees will hold nationwide strike on Tuesday to protest against the government's move to sell stake.
