June 21, 2024 10:34 (IST)
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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).

LIC IPO: Filing of DRHP with SEBI likely on Feb 11, says report

Mumbai: The Draft Red Herring Prospectus (DRHP) of India's most awaited initial public offering (IPO) by Life Insurance Corporation of India is expected to be filed with SEBI on February 11, sources told CNBC-TV18.

If LIC IPO goes as planned, FY22 disinvestment target achievable: Revenue Secretary Tarun Bajaj

New Delhi/IBNS: If the LIC IPO goes as planned, the government will be able to achieve itsthe FY22 disinvestment target of 1.75 lakh crore and might even exceed revised estimates (RE) figures, Revenue Secretary Tarun Bajaj said Wednesday.

LIC IPO to hit the market soon: Nirmala in Budget2022 speech

New Delhi: Union Finance Minister Nirmala Sitharam in her budget speech said the initial public offering (IPO) of state-backed Life Insurance Corporation of India is expected to hit the market  soon.

Centre won't need to change any law for foreign participation in LIC IPO

New Delhi/IBNS: No amendments will be necessary to any legislation to allow foreign participation in the proposed IPO of insurance giant Life Insurance Corporation of India (LIC), according to the media reports.

Indian govt planning to block Chinese investors from LIC IPO: Report

New Delhi/IBNS: The Indian government wants to keep the Chinese investors away from the IPO of Indian insurance giant Life Insurance Corp (LIC), Reuters reported citing four senior government officials and a banker.

Government to sell part of its holdings in LIC through IPO: Nirmala Sitharaman proposes in Union Budget

New Delhi/IBNS: In her Union Budget, Finance Minister Nirmala Sitharaman on Saturday proposed to sell a part of the government's holding in largest insurer Life Insurance Corporation of India.