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The Latest Breaking News from LIC

India's Largest IPO Raises $736M Ahead of Listing, Attracts Foreign Investment

India’s largest-ever public offering has attracted anchor investors, including Norway’s sovereign wealth fund and the Singaporean government, raising ₹56.3 billion ($736 million) ahead of its initial public offering, Bloomberg reports. The 123 anchor investors joining Life Insurance Corp of India’s IPO committed to purchasing shares at ₹949 per share, the top end of…

Benzinga

LIC is more than a corporate powerhouse

Creating employment opportunities for women is fundamental to LIC’s identity

The Hindu

LIC IPO price attractive; lot of growth potential: Chairman MR Kumar

NEW DELHI: LIC IPO pricing is very attractive and investors can look forward to returns in the years to come as the company has potential for growth, LIC chairman MR Kumar said on Friday.

The Times of India

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Govt, Sebi to take call on relaxation in LIC meeting minimum public holding norm: Dipam Secy

NEW DELHI: The finance ministry will discuss with market regulator Sebi to exempt LIC from the minimum public shareholding norm, Dipam secretary Tuhin Kanta Pandey said on Friday.

The Times of India

India's biggest-ever LIC IPO: 5 FAQs answered

NEW DELHI: The much-awaited initial public offering (IPO) of Life Insurance Corporation (LIC) of India is all set to open in the first week of May.

The Times of India

6.48 crore policyholders keen to buy LIC IPO, says official

BENGALURU: Ever since the Life Insurance Corporation (LIC) announced launching the initial public offering (IPO), 6.48 crore LIC policyholders have shown interest to get the much-touted share of the largest insurance company in the country, an official said.

The Times of India

Opposition parties flay Centre for LIC IPO

Scaling down of valuation of share was done under pressure from international investors out to make a quick buck, says CPI(M)

The Hindu

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Explained in 5 charts: India's biggest-ever IPO, price band, discounts

NEW DELHI: India's biggest ever initial public offer (IPO) by Life Insurance Corporation (LIC) of India is finally here.

The Times of India

Sensex, Nifty decline nearly 1% on profit booking in IT, financial shares

MUMBAI: Benchmark stock indices sensex and Nifty tumbled nearly 1 per cent on Wednesday due to profit booking in banking, financial and IT stocks after a recent rally.

The Times of India

LIC IPO price band at Rs 902-949 per share; offer opens on May 4

Life Insurance Corporation (LIC) has set its price band for the Initial Public Offer (IPO) at Rs 902 to Rs 949 per equity share. The public offer starts on May 4 and will remain open for bidders till May 9. Read more on Dynamite News:

Dynamite News

LIC IPO to open on May 4, policyholders to get Rs 60 discount: All you need to know

NEW DELHI: Life Insurance Corporation (LIC) will launch its initial public offering (IPO) on May 4, and close it on May 9. The price band has been set between Rs 902 and Rs 949. The issue will open to anchor investors on May 2.

The Times of India

LIC IPO: Price band fixed at Rs 902-949; policyholders to get Rs 60 discount

NEW DELHI: The price band for Life Insurance Corporation's (LIC) mega initial public offering (IPO) has been set at Rs 902-949, news agency Reuters reported quoting sources.

The Times of India

LIC IPO to likely to open on May 4: Report

NEW DELHI: The much awaited initial public offering (IPO) of Life Insurance Corporation (LIC) of India is likely to open on May 4, news agency Reuters reported quoting sources.

The Times of India

Irdai asking insurance companies to go for listing to raise capital: Chairman

MUMBAI: Insurance Regulatory and Development Authority of India (Irdai) has asked insurance companies to go for listing to improve their access to capital, its chairman Debasish Panda said on Thursday.

The Times of India

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The Hindu

Protest marches, demonstrations mark day one of strike

Members of trade unions and employees associations respond to call in Haveri, Gadag and Dharwad districts

The Times of India

Kolkata Metro: East-West Sealdah link gets CRS nod, Poila Baishakh start likely

KOLKATA: East-West Metro's Sealdah section is likely to be operational from Poila Baishakh - April 15 - after Metro Railway general manager Arun Arora said on Fri-day that the stretch has received the green signal from the Commissioner of Railway Safety (CRS).

Dynamite News

HC rejects plea against disinvestment

The Madras High Court has rejected a PIL plea challenging the amendments made in the Finance Act and LIC Act, which enabled the central government to disinvest its stakes in the Life Insurance Corporation of India.

The Times of India

Selling family silver has become mainstay of government: Trinamool MP Santanu Sen in Rajya Sabha

NEW DELHI: Selling the "family silver" has become the mainstay of this government, Trinamool Congress MP Santanu Sen said in Rajya Sabha over the proposed disinvestment of LIC and reports about the sale of United India Insurance.

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The Hindu

Privatisation of IDBI Bank | Government holding roadshows to assess interest of investors, says MoS for Finance Bhagwat Karad

The government and the LIC together own more than 94% equity of IDBI Bank

The Hindu

House passes resolution against LIC IPO

State tells Centre to drop disinvestment plan

The Hindu

Visakhapatnam: reduce interest on loans given by LIC to policyholders, agents federation urges Union Finance Minister

‘LIC interest rates are the highest when compared to the banking sector and recognised financial lenders’

The Hindu

LIC is our country’s kamadhenu, says Minister

Under no circumstances, the dilution of the stake held by the government in the Life Insurance Corporation of India would be allowed, said Minister I. Periasami here on Saturday.

The Hindu

Insurance employees against LIC’s IPO

Opposing the proposal to come out with an Initial Public Offer (IPO) of the public sector undertaking - Life Insurance Corporation of India, the employees affiliated to various trade unions staged a demonstration near VVD Junction here on Saturday.

The Hindu

LIC employees oppose IPO

It is antithetical to the concept of Atmanirbhar Bharat, they say

The Times of India

LIC IPO set to be delayed to next fiscal year

NEW DELHI: The mega initial public offering (IPO) of Life Insurance Corporation (LIC) of India is set to be delayed into the next financial year amid market swings triggered by Russia’s invasion of Ukraine, people with knowledge of the matter said.

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