FM Sitharaman says LIC, SBI exposure to Adani Group within permissible limits: Report
Mumbai: Finance Minister Nirmala Sitharaman Friday said the exposure of big lenders such as LIC and State Bank of India (SBI) to the crisis-hit Adani Group is well within the permissible limits as stated by these lenders, according to media reports.
LIC Q1FY23: Net profit shoots to Rs 603 cr; premium income grows to Rs 98,805
Government-owned Life Insurance Corporation (LIC), which recently went public, Friday said its net profit rose to a staggering Rs 603 crore in the quarter ended June 30 from Rs 24.3 crore in the same quarter last fiscal.
LIC fixes IPO price at Rs 949 apiece, listing could begin Tuesday
Mumbai/IBNS: Life Insurance Corporation (LIC), whose public issue ended Monday, has fixed its IPO price at Rs 949 apiece.
Mumbai/IBNS: The initial public offering (IPO) of Life Insurance Corporation (LIC), India's largest life insurance enterprise, has been oversubscribed 1.31 times, receiving bids for 21.3 crore shares against the offer of 16.2 crore shares, Moneycontrol reported.
LIC IPO opens today for subscription
New Delhi: State-owned insurance major Life Insurance Corporation of India's Initial Public Offering (IPO) will open for subscription on Wednesday.
Countdown begins: LIC's Initial Public Offering to commence on May 4, ends on May 9
Kolkata: The countdown has started as state-owned insurance major Life Insurance Corporation of India's Initial Public Offering (IPO) will open on May 4 for subscription and will continue till May 9.
LIC's Initial Public Offering to open on May 4
Kolkata: State-owned insurance major Life Insurance Corporation of India's Initial Public Offering (IPO) will open on May 4 for subscription.
LIC IPO likely to be on May 4: Report
New Delhi: Life Insurance Corporation of India (LIC IPO) is likely to open on May 4 and is expected to close on May 9, according to media reports.
LIC board approves reduction in IPO size: Report
New Delhi: The LIC board has approved a reduction in its initial public offering (IPO) issue size from 5 percent to 3.5 percent, media reports said.
Govt may cut LIC IPO by 40 pc: Report
New Delhi: The government expects to raise Rs 30,000 crore through an initial public offering of state-owned Life Insurance Corp, almost 40 percent lower than previous estimates as the war in Ukraine mars valuations, media reports said.
Government ready to launch LIC IPO in May, say sources: Report
New Delhi: The government is set to launch the Life Insurance Corporation of India's initial public offering in early May, media reports said.
LIC's DRHP gets SEBI's approval
The Securities Exchange Board of India (SEBI) has given its nod to the state-owned insurance behemoth LIC's (Life Insurance Corporation of India) Draft Red Herring Prospectus (DRHP), media reports said.
Cabinet approves up to 20 pc FDI in IPO-bound LIC
New Delhi/UNI: The Union Cabinet on Saturday cleared upto 20 per cent foreign direct investment (FDI) under automatic route in Life Insurance Corporation of India (LIC), official sources said.
New Delhi: Life Insurance Corporation of India (LIC), the market leading insurer and financial conglomerate, has mentioned that every policyholder shall have to ensure that his / her PAN details are updated in the policy records of the Corporation on or before Feb 28 in order to be considered an Eligible Policyholder for application in the forthcoming Public Issue.
LIC files DRHP with market regulator SEBI, Indian govt to sell 5 pc stake
New Delhi/UNI: Public sector insurance behemoth Life Insurance Corporation (LIC) on Sunday filed the draft red herring prospectus (DRHP) with market regulator SEBI, setting the stage for a mega initial public offering (IPO).