Insurer, Centre expect 10 million to have demat accounts linked to LIC policy by February 28
Here are the top headlines on Friday
How to apply for LIC IPO? How much is the discount for eligible policyholders? Are proposers of a policy eligible for reservation? Here are the answers to some FAQs on LIC IPO for policyholders
LIC is expected to obtain regulatory approval for the mega IPO by the first week of March after which an indicative marketing price band will be set, say sources
The degree of effect on the liquidity will depend on the timing of the LIC offer and trend of domestic and global markets
A specially created working group found processing of many applications failed if UPI was selected as a mode of payment by retail investors due to per transaction caps imposed by banks
Despite the likelihood of an aggressive rate hike by the US Federal Reserve (US Fed), a correction in equity markets, analysts expect the primary market action to stay on track, albeit a minor hiccup
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
The PSU holds equity stake worth over Rs 9.5 trillion in listed firms; how it votes on resolutions will now be more actively tracked
When Aramco came out with the world's biggest IPO, the Saudi govt raised $25.6 billion by diluting just 1.5%, valuing the company at $1.7 trn; Indian govt plans to divest 5% for $8.7 bn in LIC
As many as nine virtual roadshows being held daily over 20-day period
Shareholders get more say on how LIC treats its profit and policyholder's interest
State-owned insurance behemoth LIC had unclaimed funds to the tune of Rs 21,539 crore as of September 2021, according to draft prospectus filed for IPO with market regulator Sebi
LIC identifies the problems well in its DRHP but what the markets will watch is how nimble it is with the solutions
The initial public offering (IPO) of over 31.6 crore shares or 5 per cent government stake is likely to hit the market in March
An ideal government builds institutions instead of involving itself in a selling spree. I urge the Union government to rollback this ill-thought-out decision and save LIC India: Stalin
After two years of preparation, the govt on Sunday approached SEBI to sell 5% stake in Life Insurance Corporation through Initial Public Offering. It expects to collect Rs 60,000 cr through this move
What does the LIC IPO mean for investors and govt? What's Vaibhav Gupta's plan for Udaan's journey to market debut? What is making FIIs nervous? What is OTT platform? Find all answers here
The central government is disinvesting 5 per cent of the shares of the Life Insurance Corporation of India (LIC)
LIC's listing will have multiple benefits