Tuesday, 17 May, 2022
TopicLIC

Topic: LIC

Largest Indian IPO LIC to stay open Saturday for retail investors

Indian government is selling 221.4 million LIC shares between Rs 902 rupees and Rs 949 each, which would raise as much as 210 billion rupees ($2.7 billion) at the top end of the range.

LIC seeks Rs 65,400 crore from IPO as roadshows take off

Shares of the state-run insurer could be priced between Rs 2,000 rupees and Rs 2,100 each. The issue is slated to run 10-14 March if regulatory approvals are obtained in time.

Why LIC’s $128 billion stock portfolio can withstand global shift toward higher rates

Life Insurance Corporation, set for India's biggest-ever initial share sale, has a portfolio peppered with index heavyweights like Reliance Industries and ITC.

Privatisation of PSU banks will create jobs, not take them away, says DIPAM secretary

Modi govt was expected to bring legal changes in banking laws to facilitate privatisation of PSU banks, but couldn’t after a nationwide protest by bank employees' unions.

The LIC story — history, valuation & why its IPO, India’s biggest, matters for Modi govt

LIC IPO is supposed to be India's biggest-ever public issue. The government plans to sell anywhere between 5-10% stake in the insurer, which could fetch it around Rs 1 lakh crore.

How Modi govt is leaving no stone unturned to ensure its biggest IPO is a success

The LIC IPO, which could raise Rs 40,000 crore-Rs 1 lakh crore this quarter, is a key item in Modi govt's economic agenda, with proceeds essential to reach a budget-deficit target.

LIC, LG Energy, Ola, FabIndia — the big IPOs to watch in Asia in 2022

India and Korea present 'phenomenal growth' potential next year, say analysts. Additionally, they expect a number of the largest unicorns in Southeast Asia to list'.

Modi govt plans to allow 20% foreign investment in LIC IPO

The govt is considering a plan to amend FDI rules so that investors can pick up the stake without the government’s approval under the automatic route.

Modi govt is confident ‘largest listing’ LIC IPO will earn over Rs 1 lakh crore this fiscal

Government of India plans to dilute 10% of its stake in the country’s largest life insurer whose valuation is expected to exceed Rs 10 lakh crore.

BPCL privatisation process slows down due to pandemic, focus on LIC IPO

The government’s 53% stake in BPCL is valued at about Rs 522 billion. While discussions have slowed down, the divestment plan isn’t formally stalled.

On Camera

YourTurn

Pakistan Prime Minister-elect Shehbaz Sharif on 7 April | Photographer: Aamir Qureshi/AFP/Getty Images via Bloomberg

The four-point plan to revive Pakistan’s economy—from land reform to real estate

Pakistan must reduce non-productive expenditures like defence. The country's political economy has been overdetermined by the imperative of 'national security'.

Bad timing could hamper LIC IPO

Most early public enterprise IPOs have been trading 75% below their original price, small investors concerned.

Defence

Representational image of army personnel in Ladakh | ANI

India ‘doesn’t foresee’ border fighting with China, but ‘won’t back down’ if tensions reignite

Aim is to ensure not just disengagement of troops, but overall de-escalation. Govt in favour of solving tensions through talks as it wants peace with all neighbours including China.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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