The government has time till May 12 to launch the initial public offering (IPO) of LIC without filing fresh papers with market regulator Sebi, an official said
In the same period last financial year, LIC's net profit totaled Rs 0.91 crore
The govt to soon file the final papers for LIC IPO with Sebi, which will provide details about the price band, discount for policyholders and retail buyers
LIC's IPO is one of the fastest to get Sebi approval; the insurer had filed its DRHP on February 12.
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Government may defer the mega initial public offering (IPO) of LIC to next fiscal year as the ongoing Ukraine war has dampened fund managers' interest in public issue, market experts said on Sunday
In the wake of the market volatility due to the Ukraine-Russia war, there might be a rethink on the timing of the LIC share sale
LIC's underwriters have seen muted interest during early meetings with potential anchor investors, says Bloomberg.
'If the Indian economy will grow at 6-7 per cent, one can expect a growth of 5-10 per cent in earnings for most companies'
LIC had over 282 million policies in force as of September 30, 2021, but policyholders tend to have more than one policy
Prior to Agrawal's appointment, Shubhangi Sanjay Soman was executive director, finance and accounting. The position of Executive director F&A has been changed to CFO as LIC gets set to list
Merchant bankers say situation not ripe for IPO of this size
Indian embassy in Ukraine asked all Indian nationals to leave Kharkiv immediately on the basis of information from the Russian side
SBI Life shares settled 5.7 per cent higher at Rs 1,120, whereas HDFC Life 7.0 per cent up at Rs 560
'If global considerations warrant that I need to look at it (LIC IPO), I wouldn't mind looking at it again,' says FM
NHAI & AAI, which are not registered as companies, also likely to benefit
Domestic brokerages are pulling all stops to cash in on the excitement around LIC's initial public offering (IPO).
The existing FDI policy did not prescribe any specific provision for foreign investment in LIC, which is a statutory corporation established under LIC Act, 1956
The initial public offering of over 316 million shares or 5% government stake is likely to hit D-street in March
The initial public offering of over 31.6 crore shares or 5 per cent government stake is likely to hit D-street in March