LIC stock surges 9% as Q2 profit jumps multifold; what should investors do now?
LIC of India share price jumped 8.7% to ₹682.70 on the BSE, registering its biggest intraday gain since listing.
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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.
Life insurance industry to grow 10.3% annually to $150.6 bn by 2026
Double-digit growth projections for India’s life insurance industry are twice the global average of 5.5%, thanks to increased penetration, regulatory changes, and growing awareness, says GlobalData
LIC share extends fall for 10th session; erodes investors’ wealth by 1.71 lakh cr
On Monday, LIC shares declined 4.5% to hit their lowest level of ₹676.05, driven by sustained selling as the lock-in period for anchor investors ends today.
LIC IPO booked 67% on Day 1; will it fully subscribe today?
The portion reserved for employees and policyholders was subscribed 1.17 times and 1.99 times, respectively, on day one of bidding.
LIC's contingent liabilities balloon to nearly ₹30,000 crore
The corporation's aggregate amount of income tax and interest contested is ₹72,762 crore.
It's official! LIC IPO to open on May 4; to sell 3.5% stake
LIC IPO issue opens for subscription on May 4, 2022, and the price band has been fixed at ₹902-949 apiece.
LIC IPO size cut by one-third, valuation by half
The reduced valuation of the IPO along with the current despondency of the market raise questions over the prudence and the necessity of launching an IPO of a crown jewel like LIC.
LIC IPO set for a May launch? What we know so far
Even with a reduced issue size, LIC will be the largest IPO in the country, outdoing Coal India’s ₹15,500 crore IPO in 2010 and Reliance Power’s ₹11,700 crore IPO in 2008.
LIC IPO: Centre allows 20% FDI under automatic route
The amendment would allow foreign direct investors to acquire up to 20% equity stake in LIC of India via automatic route.
