As per the updated financials, the Life Insurance Corporation reported a net profit of Rs 235 crore in the October-December quarter
The government has time till May 12 to launch the IPO without filing fresh papers with market regulator Securities Exchange Board of India (Sebi).
There is too much noise on the street about LIC IPO, leading to some myths about unrealistic gains. Here are three myths that are making the rounds and why they are not true
The startup had filed for an initial public offering last year
If the government misses the May 12 window available with it, LIC would have to file fresh papers with Sebi giving the results of December quarter and also update the embedded value.
The push comes after the flop listing of SoftBank-backed payments firm Paytm's $2.5 billion IPO in November which sparked criticism of lax oversight of how loss-making companies price issues at what some say are lofty...
The notification has inserted a paragraph in the existing policy allowing up to 20 per cent FDI in LIC through the automatic route.
LIC's profit stood at Rs 234.9 crore compared with Rs 90 lakh in the same quarter last year
The insurance behemoth LIC has got capital market regulator Sebi’s nod for its IPO. Now the ball is in the government’s court whether it wants to launch...
LIC had filed the DRHP with SEBI on February 13 this year. Through the IPO the government is looking to sell its 5 per cent stake that would fetch over Rs...
CPSEs have been engaged in the manufacture of goods and provisions of services in almost all the important spheres of economic activity.
Since the Modi government came to power in 2014, it was only in the financial year 2019-20 that it failed to achieve the revised CPSE disinvestment target of...
The government was looking to sell a 5 per cent stake in Life Insurance Corporation (LIC) this month, which could have fetched over Rs 60,000 crore to the...
Meesho is working to be ready for a listing by the end of 2022 and is evaluating both Indian and US exchanges
Life Insurance Corporation of India (LIC) may postpone its IPO to the next fiscal in view of the Russia-Ukraine crisis. However, the LIC IPO could be large...
Agrawal was earlier the CFO of Reliance Nippon Life Insurance for over 12 years. He was also associated with ICICI Prudential Life Insurance for 5 years.
According to the report, the government will initially access the ongoing situation between Russia and Ukraine before moving ahead to the IPO.
Indian stock brokers are using clever marketing tricks and free demat accounts to attract investors who want to participate in the LIC IPO.
The government had set a March deadline for the IPO and its IPO document filed on Feb. 13 put LIC's embedded value at Rs 5.4 trillion
IPO refers to the first issue of shares to the public of either a privately-owned company or a company that is wholly owned by the government.
By offering a 5 per cent stake to investors – 31.62 crore shares – the government will keep the entire proceeds of the IPO with itself while raising...
The government has approved listing of shares of LIC on the stock market through an IPO by part-sale of its stake in the insurer and raising fresh equity...
Touted as India’s biggest IPO, it involves the government offering for sale its entire stake at LIC at an amount of Rs 18,000 crore.
On February 13, the state-owned insurer filed draft papers with capital markets regulator Sebi for the sale of a 5 per cent stake by the government for an...
LIC IPO is expected to open in March. Here are 10 things you should know about this upcoming IPO.
