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The Latest Breaking News from Life Insurance Corporation

IDBI Bank shares jump 3% as Fairfax set to make biggest foreign investment in Indian lender, buy stake worth Rs 53,000 cr

Fairfax Holdings has been finalized for the IDBI Bank stake sale. This significant deal is expected to be worth approximately Rs 53,000 crore. The government plans to sell its stake, and LIC will also divest shares. Fairfax's offer of Rs 81 per share is higher than last year's bid. This…

The Economic Times

Washington Post’s Adani-LIC story fizzled out in India. That says a lot

Whether the story had substance or not, it is intriguing that there has been little to no follow up in mainstream print media to the Washington Post expose about the Life Insurance Corporation’s investments in Gautam Adani’s companies, allegedly at the behest of the Modi government.

Newslaundry

LIC’s “term insurance” plan runs into trouble

Fifty years ago, Life Insurance Corporation’s ambitious scheme for “term insurance” for army personnel ran into trouble with the Defence and Finance Ministeries

The Hindu

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LIC eases claim process norms for Odisha train accident victims

National insurer Life Insurance Corporation (LIC) on Saturday announced many relaxations for the claim settlement process for the victims of the Balasore train tragedy.

The Hindu

LIC recoups losses as Adani Group shares rise

NEW DELHI: State-owned Life Insurance Corporation (LIC) has recouped losses on its investment in Adani Group stocks after shares of the apple-to-airport conglomerate rose for the third consecutive session.

The Times of India

LIC breaks into Fortune 500 list, Reliance jumps 51 places

NEW DELHI: Recently-listed Life Insurance Corporation (LIC) has broken into the latest Fortune Global 500 list, while Reliance Industries has jumped 51 places.

The Times of India

Determining of embedded value likely to be completed by July 15: LIC

NEW DELHI: Insurance behemoth Life Insurance Corporation on Wednesday said the exercise of determining its embedded value as of March 2022 is on' and is likely to be completed by July 15.

The Times of India

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LIC shares hit new record low of Rs 723.70; one-fourth of market-cap wiped out

MUMBAI: Share price of Life Insurance Corporation of India (LIC) slumped to a new record low of Rs 723.70 on Thursday, which is nearly 25 per cent down from its IPO issue price of Rs 949.

The Times of India

LIC shares slump to record low of Rs 782.45; market cap slips below Rs 5 lakh crore

MUMBAI: Share price of Life Insurance Corporation of India (LIC) slumped to a record low of Rs 782.45 on Monday, which is 17.55 per cent down from its IPO issue price of Rs 949.

The Times of India

Aramco-style dividend is what LIC investors seek post flop debut

NEW DELHI: Disappointed by a 7.8% plunge that made for the world’s second-worst trading debut among large IPOs this year, shareholders of state-run Life Insurance Corporation (LIC) of India will be counting on a bumper dividend if government wants them to stay put.

The Times of India

LIC IPO share allotment: How to check your status

NEW DELHI: India's biggest initial public offer (IPO) by Life Insurance Corporation (LIC) received a stellar response from investors.

The Times of India

LIC IPO subscription closes: Issue oversubscribed nearly 3 times

NEW DELHI: India's biggest ever initial public offer (IPO) by Life Insurance Corporaation (LIC) received a stellar response from all categories of investors.

The Times of India

LIC IPO fully subscribed on day 2 of bidding

NEW DELHI: India's biggest initial public offer (IPO) by insurance behemoth Life Insurance Corporation (LIC) was fully subscribed on day 2 bidding, data from exchanges showed.

The Times of India

LIC IPO undervalued by Modi govt, says Rahul Gandhi

NEW DELHI: Congress leader Rahul Gandhi on Thursday blamed the Modi government for undervaluing India's biggest initial public offering (IPO) by Life Insurance Corporation (LIC).

The Times of India

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Benzinga

India's Biggest IPO Enjoys Analyst Confidence Thanks To Attractive Valuation, Retail Investor Discount

India's largest IPO has started taking orders from individuals and other categories after attracting anchor investors, Bloomberg reports. Retail investors can place their orders for shares of India's state-controlled Life Insurance Corporation until May 9. Also Read: India's Largest IPO Raises $736M Ahead of Listing, Attracts Foreign Investment Retail investors will be allocated 35%…

The Times of India

LIC IPO opens for retail investors today: All you need to know

NEW DELHI: At Rs 20,557 crore, the Life Insurance Corporation's (LIC) initial public offering (IPO), which opens for the retail investors today, is certainly the biggest till date in India.

The Hindu

LIC is more than a corporate powerhouse

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

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.

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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.

Dynamite News

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:

The Times of India

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 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 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

LIC sees dip in policy issuance due to pandemic

NEW DELHI: Life Insurance Corporation (LIC) has disclosed that the total number of individual and group policies has witnessed a decline due to the Covid-19 pandemic.

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