Certain shareholders of the Rajasthan-based company, including two promoters, plan to offload around 2.94 crore shares through the OFS route
According to an analysis of its initial public offer (IPO) filings by Swiss brokerage Credit Suisse, SBI Life, ICICI Prudential, HDFC Life and Max Life will face the maximum impact of the LIC move
Participants would be keenly tracking the geopolitical developments regarding Russia-Ukraine tensions, which have been weighing on global sentiment for the past few weeks
The DRHP, which must enlist all key risk factors, came in within two months of Anand Subramanian quitting as Group Operating Officer and Advisor to MD and within weeks of Chitra Ramkrishna's leaving
The flotation, potentially raising $8 billion, likely will continue to drag on LIC's competitors for about a year and could spread to other sectors: Analysts
Ramkrishna hit the headlines after a recent Sebi order said she was steered by a yogi, dwelling in the Himalayas in the appointment of Subramanian as NSE's group operating officer and advisor to MD
Shares of Adani Wilmar on Tuesday pared early gains but managed to close 2% higher after the company posted a 66% jump in consolidated net profit to Rs 211.41 crore for the December 2021 quarter.
This was way higher than 81 NFOs floated in 2020 and cumulatively, these funds were able to garner Rs 53,703 crore
How mid-cap stocks performed
Frontline indices whipsawed in trade on Tuesday but eventually ended 1.4% higher
Being diversified across asset classes will also help to stem your losses when the economy is recovering
The markets began the first week of the new year on a solid note, hoping that rising cases may not lead to further lockdowns
With over 40 companies set to announce their report cards next week, listen to market analysts Devangshu Datta and Sandip Sabharwal, to understand how the results season may pan out
While some would just be happy that 2021 is coming to an end, T N Ninan lists six things - from sports to stock markets and entrepreneurial talent - that India could look to in the new year
The broader indices ended on a mixed note; among sectors, the IT index was up a per cent, while the energy, oil & gas and metal indices declined over a per cent each
Back home, India has logged 653 cases of the Omicron variant of coronavirus across 21 states and Union Territories so far. Of this, 186 have recovered or migrated, official data suggested on Tuesday
India's benchmark S&P BSE Sensex has slumped 3.6% since the end of September, halting a rally that ran for six straight quarters and doubled the index's value
The BSE Midcap and Smallcap indices ended with losses of 2.4 per cent and 2.1 per cent, respectively. Declining stocks outpaced advancing shares in more than 2:1 ratio
The broader markets however finished in red, the breadth too was negative
The broader markets also weakened towards the end of the trading session; Sun Pharma, however, gained nearly 3 per cent.