Lic Stake Sale
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LIC Dilutes Stake In Nagpur Power & Industries
LIC has diluted its stake in Nagpur Power & Industries by over 2 per cent through open market sales, bringing down its stake to 8.33 per cent.
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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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Post LIC, India Weighs Selling Part Of BPCL Instead Of Full Stake: Report
India is considering selling up to a quarter of state-run refiner Bharat Petroleum Corp Ltd (BPCL) after failing to attract suitors for the whole firm, two officials said, as the government's divestment programme moves slower than expected.
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LIC's Public Offer Subscribed 1.79 Times On 5th Day Of Issue: 10 Points
The initial public offer (IPO) of Life Insurance Corporation (LIC) was subscribed 1.79 times on the fifth day of subscription on Sunday, May 8, 2022. Government plans to raise Rs 21,000 crore through the public issue and the insurance behemoth has unleashed a major awareness blitzkrieg, exhorting policy holders, employees as well as the general pub...
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More Than 25 Anchor Investors Have Shown Interest In LIC IPO: Official
The proposed maiden public offer by state-owned LIC has received interests from more than 25 anchor investors both foreign and domestic
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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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India Weighing 5% Stake Sale In LIC's Mega IPO: Report
India is considering selling about 5% of the shares it holds in a state insurer as it prepares to file documents for the country's biggest initial public offering, according to people familiar with the matter.
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LIC, India's Biggest-Ever IPO, To Open Mid-March: What We Know So Far
Woefully short of its disinvestment target for the current fiscal (2021-22), which is a humungous Rs 1.75 lakh crore, government is keen to push the countrys biggest ever public offering of Life Insurance Corporation of India (LIC), through which it is looking to raise anything between Rs 50,000 crore to Rs 90,000 crore, as per the initial public o...
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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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LIC To File Draft Initial Public Offer Papers With SEBI In November
Life Insurance Corporation is likely to file draft papers with Securities and Exchange Board of India (SEBI) by November
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Cabinet Clears LIC Disinvestment; Finance Minister-Led Panel To Decide Quantum Of Stake Sale
The modalities of LIC's initial public offering such as issue size, pricing and timing will be decided by a panel headed by Finance Minister Nirmala Sitharaman
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IDBI Bank Zooms 7% On Cabinet Nod For Strategic Stake Sale
IDBI Bank: The centre and LIC together own more than 94 per cent equity in the bank, with the centre owning 45.48 per cent and LIC owning 49.24
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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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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 Dilutes Stake In Nagpur Power & Industries
LIC has diluted its stake in Nagpur Power & Industries by over 2 per cent through open market sales, bringing down its stake to 8.33 per cent.
-
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.
-
Post LIC, India Weighs Selling Part Of BPCL Instead Of Full Stake: Report
India is considering selling up to a quarter of state-run refiner Bharat Petroleum Corp Ltd (BPCL) after failing to attract suitors for the whole firm, two officials said, as the government's divestment programme moves slower than expected.
-
LIC's Public Offer Subscribed 1.79 Times On 5th Day Of Issue: 10 Points
The initial public offer (IPO) of Life Insurance Corporation (LIC) was subscribed 1.79 times on the fifth day of subscription on Sunday, May 8, 2022. Government plans to raise Rs 21,000 crore through the public issue and the insurance behemoth has unleashed a major awareness blitzkrieg, exhorting policy holders, employees as well as the general pub...
-
More Than 25 Anchor Investors Have Shown Interest In LIC IPO: Official
The proposed maiden public offer by state-owned LIC has received interests from more than 25 anchor investors both foreign and domestic
-
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.
-
India Weighing 5% Stake Sale In LIC's Mega IPO: Report
India is considering selling about 5% of the shares it holds in a state insurer as it prepares to file documents for the country's biggest initial public offering, according to people familiar with the matter.
-
LIC, India's Biggest-Ever IPO, To Open Mid-March: What We Know So Far
Woefully short of its disinvestment target for the current fiscal (2021-22), which is a humungous Rs 1.75 lakh crore, government is keen to push the countrys biggest ever public offering of Life Insurance Corporation of India (LIC), through which it is looking to raise anything between Rs 50,000 crore to Rs 90,000 crore, as per the initial public o...
-
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
-
LIC To File Draft Initial Public Offer Papers With SEBI In November
Life Insurance Corporation is likely to file draft papers with Securities and Exchange Board of India (SEBI) by November
-
Cabinet Clears LIC Disinvestment; Finance Minister-Led Panel To Decide Quantum Of Stake Sale
The modalities of LIC's initial public offering such as issue size, pricing and timing will be decided by a panel headed by Finance Minister Nirmala Sitharaman
-
IDBI Bank Zooms 7% On Cabinet Nod For Strategic Stake Sale
IDBI Bank: The centre and LIC together own more than 94 per cent equity in the bank, with the centre owning 45.48 per cent and LIC owning 49.24
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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
-
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).
