More Stories on LIC
The Modi government is pushing ahead with LIC's IPO in order to help it fix a widening budget lacuna as it targets a Rs 1.75 lakh crore disinvestment target

LIC IPO: Govt seeks $109 bn valuation for state insurer's mega public offer

Sep 15, 2021

The government is mulling a 5-10% stake sale in the life Insurance Corporation (LIC), that could fetch it between Rs 40,000 crore and Rs 1 lakh crore

The government is scrambling to list the insurance behemoth by March at a probable $12 billion.

Domestic law firms reluctant to advise govt on LIC IPO

Sep 15, 2021

Top law firms that would normally be keen on such big-ticket IPOs to boost their credibility in government circles are hesitant to advise New Delhi, as their teams are stretched by the corporate IPO boom.

Stocks in news: Reliance Industries, Zomato, Bharti Airtel, BHEL and more

Stocks in news: Reliance Industries, Zomato, Bharti Airtel, BHEL and more

Sep 13, 2021

On September 9, the benchmark indices ended marginally higher amid weak global cues. Sensex closed 54.81 points higher at 58,305.07 and Nifty rose 15.75 points to settle at 17,369.25

LIC, which commands almost 70% of the market share, runs a huge agent network across India

Ahead of IPO, LIC prohibits employees from publicly speaking on public issue

Sep 12, 2021

LIC has asked its employees not to comment on the pricing, timing and valuation of the public offer which is expected to take place in the January-March quarter of this financial year

Shares of LIC Housing Finance closed flat at Rs 418.50 apiece on BSE.

LIC Housing Finance raises over Rs 2,335 cr via preferential share allotment to LIC

Sep 10, 2021

The company has allotted 4,54,00,000 equity shares on a preferential basis to Life Insurance Corporation of India (LIC), the housing finance firm said

The government is also mulling allowing foreign investors to pick up stakes in the country's largest insurer

LIC IPO: Govt appoints 10 merchant bankers to manage initial public offering

Sep 08, 2021

The disinvestment department had invited applications for the appointment of merchant bankers on July 15. Following this, 16 merchant bankers made presentations for managing listing and partial disinvestment of LIC

Life Insurance Corporation

India mulls foreign institutional investment of up to 20% in LIC IPO

Sep 08, 2021

The listing of LIC is set to be India's biggest ever IPO, with the government aiming to raise up to 900 billion Indian rupees ($12.24 billion) from its stake sale

LIC last week had picked up nearly 4 per cent (15,90,07,791 shares) equity shares of the Bank of India

LIC sells 2.15% stake in ICRA; total holding now at 5.8%

Sep 07, 2021

Before the stake sale, the total shareholding of the Life Insurance Corporation in ICRA stood at 7.965 per cent

IPPB is distributing various general and life insurance products through partnerships with leading insurance companies

India Post Payments Bank, LIC Housing Finance tie up to provide home loan products

Sep 07, 2021

Through its network of 650 branches and over 136,000 banking access points, IPPB aims to make LIC Housing Finance's home loan products accessible to its customer's pan-India

LIC IPO will lead to job losses, says trade union

LIC IPO could lead to job loss, impact social infra spending: Trade union

Sep 07, 2021

The trade union that represents 4,000 employees has written to Prime Minister Narendra Modi and members of the parliament as a protest against the listing

As per Sebi regulations on substantial acquisition of shares and takeovers, companies have to inform the stock exchanges when an entity holds more than 5 per cent shares in a listed company.

LIC picks up nearly 4% stake in Bank of India through open market transaction

Sep 03, 2021

Before the latest acquisition of shares in the bank, LIC held over a 3.17 per cent stake in the state-owned bank. It said LIC's stake in Bank of India has now increased to 7.05 per cent, equivalent to 28,92,87,324 shares