IDBI Bank divestment on track: Govt
The central government and LIC together plan to sell 60.72% of shares in IDBI Bank.
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LIC’s debt exposure to Adani group stands at ₹6,183 cr: FM
Of this, the insurance giant's exposure is highest at ₹5,389 crore to Adani Ports & Special Economic Zone, says Sitharaman
LIC stock surges after Q3 profit rises multi-fold to ₹6,334 cr
LIC’s Q3 premium income fell 15.38% on QoQ basis but rose 14.5% on YoY basis to ₹1,11,788 cr. Market share slips 2.83% to 65.38%.
Adani Group exposure at 0.97% of total AUM: LIC
The total purchase value of equity, purchased over the last many years, under all the Adani group companies is ₹30,127 crore, says LIC.
SEBI allows Centre's stake in IDBI Bank to be reclassified as 'public' after sale
The market regulator has also directed the new buyer to comply with minimum public shareholding norms within one year of the sale.
LIC: Elephant Learning to Dance
The debutant that ranks at No.2 on Fortune 500 India list comes with a rich legacy, but post-listing it needs to prove its chops.
LIC trims 2% stake in Power Grid for ₹3,079 cr; stock tumbles
LIC stock trades 0.29% down a day after it announced its shareholding in Power Grid has diluted from 5.303% to 3.3%.
IDBI Bank strategic sale process begins; Centre, LIC to offload over 60% stake
Government as well as LIC will sell a little over 30% stake each in the bank along with the transfer of management control.
LIC flop show continues; shares hit fresh all-time low
LIC's current market cap stands at ₹3.9 lakh crore, a huge fall from ₹6 lakh crore on its listing day, eroding investors’ wealth by around ₹2.1 lakh crore.
Top 10 most-valued firms: ATL, Bajaj Finance in & LIC out
LIC stock has fallen consistently, shedding about 30% of its value since listing. This has led to an erosion of around ₹1.74 lakh crore of value
