Photo: Twitter

LIC Sales 2% STake In TIL LTD, Shareholding At 10.199%

Life Insurance Corporation of India sold 2% stake in TIL LTD bringing down its shareholding from 10.199 per cent to 8.076 per cent. The company sold the stakes in TIL for investment purposes. Now, the holding decreased from 10.199 per cent to 8.076 per cent from December 31, 2021 to March 13, 2023 at an average cost of Rs 157.48.

Wed, 15 Mar 2023 - 09:05 AM / by Varsha Joshi

Tags: LIC, Shares, INDIAN MARKET, Company, business


Photo: Money Control

LIC IPO Subscribed 2.9 Times, Receives Bids For Over 47 Crore Equity Shares

After the last day bidding, Life Insurance Corporation's Initial Public Offering (IPO) has been subscribed 2.9 times, on May 9. Reportedly, bids have been received for over 47 crore equity shares, against the 16.2 crore equity shares offered for sale. Notably, policyholders bought shares for a discount of Rs 60 per equity share, while the discount was Rs 45 per equity share for retail investors and employees.

Mon, 09 May 2022 - 07:01 PM / by Shibu Immanuel S

Tags: LIC, IPO, Equity shares, Company Law, Shareholder

Courtesy: ANI


Photo: News18

LIC Raises Crores From Anchor Investors

Insurance giant LIC has raised Rs 5,000 crores from anchor investors. This comes ahead of its IPO. The LIC has allotted around 59.3 million shares to as many as 123 investors at the price of Rs 949 each. Domestic investors like SBI Mutual Fund, ICICI Prudential, Kotak Mahindra Life Insurance, Bajaj Allianz General Insurance and others have expressed interest in the LIC.

Wed, 04 May 2022 - 09:03 PM / by Varun Das

Tags: business, LIC, IPO, Insurance, Investment

Courtesy: Money Control


Photo: News18

LIC Announces IPO Launch Date, Timelines & More

At the LIC press conference held today, the company's IPO launch date, timelines, etc, were finalised. The much-anticipated IPO of the insurance giant would finally open on May 2. Based upon the demand and subscription, the government may choose to raise the stake offer to 5%. If that happens, the state's coffer would attain Rs 30,000 crores from the sale of the equity.

Wed, 27 Apr 2022 - 07:46 PM / by Varun Das

Tags: LIC, IPO, Launch, business, Insurance

Courtesy: NDTV


Photo: News18

Centre Tweaks FEMA To Permit 20% FDI In LIC

The Central Government has tweaked the Foreign Exchange Management Act (FEMA) rules to allow as much as 20% foreign direct investment (FDI) in the LIC. The government is mulling over plans to dilute its stake in the insurance company via the Initial Public Offering (IPO). Earlier in February this year, the LIC had filed the Draft Red Herring Prospectus (DRHP) before the Sebi for the Initial Public Offering.

Mon, 18 Apr 2022 - 10:50 AM / by Varun Das

Tags: Economy, LIC, IPO, SEBI, business

Courtesy: Zee News

LIC headquarters

Photo: The New Indian Express

SEBI Provides Market Approval For IPO To LIC India

Life Insurance Corporation Of India (LIC) finally gets their Initial Public Offer (IPO) approval from the Securities and Exchange Board of India (SEBI). This is fastest market approval given for IPO, in just 22 days, after the filing of the IPO draft by LIC. With this, LIC is going to put forward 31.62 crore equity shares under offer for sale (OFS) holding 5% of LIC equity shares.

Wed, 09 Mar 2022 - 07:45 PM / by Rupsa Debnath

Tags: LIC, Market regulator, SEBI, Life insurance, Life Insurance Corporation

Courtesy: ANI


Photo: Newsdezire

LIC Appoints Sunil Agrawal As CFO Ahead Of Expected Mega IPO

Life Insurance Corp. of India has appointed Sunil Agrawal, an outsider, as the chief financial officer (CFO). Notably, before LIC, Agrawal was the CFO of Reliance Nippon Life Insurance and was also associated with ICICI Life Insurance. Furthermore, Sunil has been appointed for a tenure of three-years, at renumeration of Rs 75 lakh per annum.  Notably, the appointment came ahead of the LIC's decision of going public in March.

Fri, 04 Mar 2022 - 12:25 PM / by Shaloo Priya

Tags: business, India, LIC, Sunil Agrawal, new CFO

Courtesy: Zee News



Life Insurance Corporation To Soon Open Largest IPO In India; Get Details Here

Indian government's Life Insurance Corporation (LIC) will sell 5% of its stake in 316.25 million shares, in the initial public offering. In addition, The company could become India’s most valuable listed company after listing on the stock exchanges. Also, policyholders and employees may get a discount compared to the price offered to the public. Notably, LIC possesses a total equity base of 6.32 billion shares.

Mon, 14 Feb 2022 - 03:02 PM / by Shaloo Priya

Tags: business, India, LIC, SEBI, IPO

Courtesy: The Indian Express


Photo: Edelweiss

Govt Likely To Defer LIC's IPO For Next Financial Year

The government may defer the announcement of Life Insurance Corporation's (LIC) initial public offering (IPO) in the current financial year ending March 2022. Reportedly, there are lots of preparatory work pending and the valuation of the state-owned life insurer will also take more time. Following the valuation, regulatory processes will start so it is unlikely that the IPO will take before the year ends, reported Business Today… read-more

Sun, 19 Dec 2021 - 09:01 PM / by Brijesh Goswami


Courtesy: Business Today

 Cyril Amarchand Mangaldas selected Legal Advisor: LIC IPO

Photo: Business Today

Cyril Amarchand Mangaldas To Be The New Legal Advisor Of LIC IPO

The Department of Investment and Public Asset Management (DIPAM) has selected Cyril Amarchand Mangaldas for the role of legal advisor in IPO offer of LIC on September 26. Following the applications rolled out on July 15, the decision was made after four law firms showed interest. Firms including Crawford Bayley, Cyril Amarchand Mangaldas, Link Legal and Shardul Amarchand Mangaldas & Co presented their ideas to the board. 

Sun, 26 Sep 2021 - 09:35 PM / by Muskan Arora

Tags: Life insurance, LIC, DIPAM, IPOs, GOLDMAN SACHS

Courtesy: Mint