
LIC breaks into 2022 Fortune Global 500; list features 9 Indian companies
RIL ranks 104th with $93.9 bn in revenue in 2021-22, up 49.4% from 2020-21. RIL's rank improves 51 spots
RIL ranks 104th with $93.9 bn in revenue in 2021-22, up 49.4% from 2020-21. RIL's rank improves 51 spots
State-owned insurer LIC’s stake in Hero has increased to 11.2%, while in CAPRI and HUL, its shareholding rose to 7.05% and 5%, respectively.
Every LIC IPO subscriber holding on to its shares is making a loss of ₹280.75 per share as on June 13, 2022, which is likely to increase as more of anchor investor shares flood the market.
The dismal market debut shows the country’s largest life insurer is yet to prove its mettle before investors.
Shares of LIC have tanked 18% from its issue price of ₹949.
During the March quarter, net premium income increased to ₹1,43,745.92 crore, compared with ₹1,21,626.06 crore.
The LIC IPO raked in ₹20,557.23 crore, the prospectus filed with SEBI shows, cementing the issue as the largest ever in the country.
Petitioners will have to submit their counter responses against Centre's remarks in four weeks after they are filed before the apex court.
The equity shares will be credited to demat accounts of successful bidders before May 17, says DIPAM secretary Tuhin Kanta Pandey.
The corporation's aggregate amount of income tax and interest contested is ₹72,762 crore.