LIC fixes IPO price at Rs 949 apiece, listing could begin Tuesday
May 15, 2022, at 04:11 am
Mumbai/IBNS: Life Insurance Corporation (LIC), whose public issue ended Monday, has fixed its IPO price at Rs 949 apiece.
Grey market indicates LIC share prices could be offered at discount
May 11, 2022, at 11:13 pm
Mumbai/IBNS: The share prices of Life Insurance Corporation (LIC) have slipped below the issue price in the grey market, therefore, indicating a discounted listing, according to media reports.
May 07, 2022, at 02:25 am
Mumbai/IBNS: The initial public offering (IPO) of Life Insurance Corporation (LIC), India's largest life insurance enterprise, has been oversubscribed 1.31 times, receiving bids for 21.3 crore shares against the offer of 16.2 crore shares, Moneycontrol reported.
LIC IPO opens today for subscription
May 04, 2022, at 02:14 pm
New Delhi: State-owned insurance major Life Insurance Corporation of India's Initial Public Offering (IPO) will open for subscription on Wednesday.
Countdown begins: LIC's Initial Public Offering to commence on May 4, ends on May 9
Apr 30, 2022, at 12:04 am
Kolkata: The countdown has started as state-owned insurance major Life Insurance Corporation of India's Initial Public Offering (IPO) will open on May 4 for subscription and will continue till May 9.
LIC's Initial Public Offering to open on May 4
Apr 29, 2022, at 11:06 pm
Kolkata: State-owned insurance major Life Insurance Corporation of India's Initial Public Offering (IPO) will open on May 4 for subscription.
LIC IPO likely to be on May 4: Report
Apr 26, 2022, at 11:38 pm
New Delhi: Life Insurance Corporation of India (LIC IPO) is likely to open on May 4 and is expected to close on May 9, according to media reports.
LIC board approves reduction in IPO size: Report
Apr 24, 2022, at 05:16 am
New Delhi: The LIC board has approved a reduction in its initial public offering (IPO) issue size from 5 percent to 3.5 percent, media reports said.
Govt may cut LIC IPO by 40 pc: Report
Apr 22, 2022, at 11:49 pm
New Delhi: The government expects to raise Rs 30,000 crore through an initial public offering of state-owned Life Insurance Corp, almost 40 percent lower than previous estimates as the war in Ukraine mars valuations, media reports said.
Government ready to launch LIC IPO in May, say sources: Report
Apr 05, 2022, at 10:08 pm
New Delhi: The government is set to launch the Life Insurance Corporation of India's initial public offering in early May, media reports said.
After Air India, Neelachal Ispat Nigam Ltd to be second govt firm to be privatised: DIPAM Secty
Mar 11, 2022, at 05:30 am
Kolkata: Neelachal Ispat Nigam Ltd would be second company after Air India to be privatised and the share purchase agreement (SPA) for the company was signed on Thursday, DIPAM Secretary Tuhin Kanta Pandey said today.
LIC's DRHP gets SEBI's approval
Mar 09, 2022, at 04:59 pm
The Securities Exchange Board of India (SEBI) has given its nod to the state-owned insurance behemoth LIC's (Life Insurance Corporation of India) Draft Red Herring Prospectus (DRHP), media reports said.
Mar 02, 2022, at 07:07 am
The initial public offering of state-run insurance behemoth Life Insurance Corporation of India (LIC) can be pushed to the next financial year, media reports said, noting that the government is likely to hold a meeting to reassess the IPO timing amid the Russia-Ukraine war.
Cabinet approves up to 20 pc FDI in IPO-bound LIC
Feb 27, 2022, at 12:18 am
New Delhi/UNI: The Union Cabinet on Saturday cleared upto 20 per cent foreign direct investment (FDI) under automatic route in Life Insurance Corporation of India (LIC), official sources said.
Feb 16, 2022, at 12:20 am
New Delhi: Life Insurance Corporation of India (LIC), the market leading insurer and financial conglomerate, has mentioned that every policyholder shall have to ensure that his / her PAN details are updated in the policy records of the Corporation on or before Feb 28 in order to be considered an Eligible Policyholder for application in the forthcoming Public Issue.
LIC files DRHP with market regulator SEBI, Indian govt to sell 5 pc stake
Feb 14, 2022, at 02:19 am
New Delhi/UNI: Public sector insurance behemoth Life Insurance Corporation (LIC) on Sunday filed the draft red herring prospectus (DRHP) with market regulator SEBI, setting the stage for a mega initial public offering (IPO).
LIC IPO: Filing of DRHP with SEBI likely on Feb 11, says report
Feb 11, 2022, at 07:49 am
Mumbai: The Draft Red Herring Prospectus (DRHP) of India's most awaited initial public offering (IPO) by Life Insurance Corporation of India is expected to be filed with SEBI on February 11, sources told CNBC-TV18.
If LIC IPO goes as planned, FY22 disinvestment target achievable: Revenue Secretary Tarun Bajaj
Feb 03, 2022, at 06:10 am
New Delhi/IBNS: If the LIC IPO goes as planned, the government will be able to achieve itsthe FY22 disinvestment target of 1.75 lakh crore and might even exceed revised estimates (RE) figures, Revenue Secretary Tarun Bajaj said Wednesday.
LIC IPO to hit the market soon: Nirmala in Budget2022 speech
Feb 01, 2022, at 05:21 pm
New Delhi: Union Finance Minister Nirmala Sitharam in her budget speech said the initial public offering (IPO) of state-backed Life Insurance Corporation of India is expected to hit the market soon.
Centre won't need to change any law for foreign participation in LIC IPO
Oct 07, 2021, at 05:32 am
New Delhi/IBNS: No amendments will be necessary to any legislation to allow foreign participation in the proposed IPO of insurance giant Life Insurance Corporation of India (LIC), according to the media reports.
Indian govt planning to block Chinese investors from LIC IPO: Report
Sep 23, 2021, at 03:27 am
New Delhi/IBNS: The Indian government wants to keep the Chinese investors away from the IPO of Indian insurance giant Life Insurance Corp (LIC), Reuters reported citing four senior government officials and a banker.
Feb 01, 2020, at 03:55 pm
New Delhi/IBNS: In her Union Budget, Finance Minister Nirmala Sitharaman on Saturday proposed to sell a part of the government's holding in largest insurer Life Insurance Corporation of India.