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.
Life Insurance Corporation, set for India's biggest-ever initial share sale, has a portfolio peppered with index heavyweights like Reliance Industries and ITC.
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.
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.
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.
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'.
According to sources, the rules under the Life Insurance Corporation Act, 1956, have been amended to provide an extension to Kumar in view of the ongoing preparation for the IPO.
While we roll our eyes at the lyrical disaster of Ghafoor, the beat drops, and suddenly we are nodding our heads like we have discovered the anthem of the season.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
While the IAF remains committed to the Tejas programme and has placed orders for 180 Tejas Mk1A, the force is eagerly waiting for the Tejas Mk 2 version.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
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