LIC will be fifth most-valued firm post IPO with m-cap of Rs 6 trillion
Life Insurance Corporation of India (LIC) is launching the biggest initial public offering (IPO) in the history of the Indian capital market at about Rs 21,000 crore.…
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LIC board to meet Tuesday for IPO dates, issue likely opens May 4
The board of Life Insurance Corporation of India (LIC) will meet Tuesday to consider the launch dates for the company’s initial public offering (IPO). The meeting…
Bombay High Court refuses interim stay on DRHP issuance of LIC’s IPO
MUMBAI: The Bombay High Court has refused to grant interim relief to several Life Insurance Corporation (LIC) policyholders seeking judicial intervention to stay the issuance of the Draft Red Herring Prospectus for the proposed initial…
Cabinet gives nod for up to 20% FDI in LIC under auto mode
The cabinet approved a proposal to allow up to 20% foreign direct investment (FDI) in Life Insurance Corporation of India (LIC) through the automatic route, a move that will facilitate the insurer's upcoming initial public offer (IPO), said…
Union Cabinet approves FDI of up to 20% in LIC of India under automatic route
NEW DELHI :
The Union Cabinet Saturday approved foreign direct investment (FDI) of up to 20% under the automatic route in Life Insurance Corporation (LIC) of India, according to people aware of the development,…
The big bet: LIC files IPO papers with Sebi, govt to offload 5% stake
The government will sell 5 per cent of its stake in Life Insurance Corporation (LIC), through an initial public offering (IPO), of which 100 per cent is offer for…