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The Latest Breaking News from LIC

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.

Dynamite News

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.

The Times of India

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

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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

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LIC employees oppose IPO

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

The Hindu

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.

The Times of India

LIC disinvestment could affect social security commitments: Thomas Isaac

The process will render 42 crores of policy holders ‘net losers’, former Minister says

The Hindu

Cabinet nod for changes in FDI policy ahead of LIC IPO

Move will expand investor base for LIC IPO amid choppy markets.

The Hindu

Cabinet likely to consider proposal for FDI in IPO-bound LIC on Saturday

NEW DELHI: The Union Cabinet is likely to consider on Saturday a proposal seeking changes in the foreign direct investment (FDI) policy to facilitate disinvestment of the country's largest insurer LIC, sources said.

The Times of India

BJP making it easy for industrialists to take over India’s public assets at a cheaper price: Former Karnataka CM

Former Karnataka Chief Minister Siddaramaiah says the decision on disinvestment in public sector banks (PSBs) stems more from the failure of BJP to increase revenue in the last eight years, rather than a structural need to disinvest

The Hindu

Crude oil poses a key risk to financial stability: Finance Minister

‘Keeping an eye on volatility in markets, but no plans to defer LIC IPO’

The Hindu

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The Hindu

Privatisation of PSEs opposed

Left party leaders release booklet titled ‘Public Trust for Sale’

The Times of India

There's buzz, interest in market for LIC IPO: Nirmala Sitharaman

NEW DELHI: Amidst the ongoing buzz around Life Insurance Corporation of India's (LIC) market debut, the finance minister on Tuesday assured that the government will go ahead with it.

The Times of India

RBI deploys FX tool to manage liquidity before LIC IPO

NEW DELHI: The central bank plans to sell dollars to banks and take out rupee liquidity via a forex swap, a move that will help the monetary authority manage liquidity in the banking system ahead of the country’s biggest share sale.

The Times of India

PMJJBY policyholders eligible for LIC IPO at discount

NEW DELHI: Subscribers of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) are eligible for LIC initial public offering at a discount, Chairman of insurance company M R Kumar said on Monday.

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The Times of India

Profits of insurers, manufacturing firms cannot be compared, says LIC chief

NEW DELHI: LIC chairman M R Kumar on Monday said profits of insurance companies cannot be compared with that of manufacturing companies as dynamics of the businesses are different.

The Times of India

LIC doubles down on March listing despite stock swings

NEW DELHI: Life Insurance Corporation of India (LIC) reiterated plans to list in March despite volatile global markets, signaling urgency from the government to mop up inflows.

The Times of India

LIC wants to remain IDBI Bank shareholder for bancassurance gain

NEW DELHI: IPO-bound Life Insurance Corporation (LIC) on Monday said it would like to retain some stake in IDBI Bank so that the insurer continues to reap the benefits of the bancassurance channel.

The Times of India

Reports claiming massive Covid toll citing LIC’s IPO data ‘not factual’: Government

NEW DELHI: The Centre on Saturday said that media reports claiming LIC IPO data confirming massive Covid-19 toll in 2021 are “speculative and not factual” and asserted that the country has a very transparent and efficient system of reporting corona deaths.

The Times of India

Explained: Why the LIC IPO is so important for markets

NEW DELHI: LIC's upcoming public offer is one of the most keenly-awaited events for the Indian stock market as the government plans to divest 5 per cent equity for around Rs 65,000 crore in the insurance behemoth.

The Hindu

LIC’s road to the IPO

The Government, which owns 100% of LIC, will be offloading 5% of its stake through the IPO

The Times of India

Investing in the LIC IPO? Here's a list of dos and don'ts that you need to follow

India is planning one of the biggest IPOs ever. The government plans to sell a 5% stake in Life Insurance Corp of India and is aiming to raise around Rs 654 billion, for which roadshows have already begun. Shares could be priced between Rs 2,000 to Rs 2,100 each. The…

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