Page 5 - Lic

Ensuring transparency

LIC's listing will have multiple benefits

LIC IPO documents: Insurers' unclaimed amount crosses Rs 20,000 crore

Total was in excess of Rs 20,000 crore as of September, shows offer document data

IPO-bound LIC saw Rs 23,246-crore profit from investment sale in H1FY22

In first six months of FY22, LIC's income from investments, which includes gross income from interest and dividends, rent, net profit on sale/redemption of investments totalled Rs 1.49 trillion.

LIC IPO: Insurer gets until Jan 2023 to dispose of 'other investments'

LIC is mandated to transfer those investments to shareholders' fund at amortised cost, 90 days after such investments are reclassified as "other investments", which it is yet to be undertaken.

LIC IPO: DHRP filed with SEBI, govt to offload 5% stake

Sebi's approval for LIC IPO is expected to come in three weeks. The DHRP of the LIC IPO does not reveal the size of the IPO, but it is 100 per cent OFS with no fresh issue

LIC IPO: Govt files draft papers to sell 5% for around Rs 63,000 crore

The government on Sunday filed the draft papers with regulator Sebi for LIC IPO, which is expected to hit the capital market in March. The government will sell over 31 crore equity shares of LIC, according to the draft red herring prospectus filed with Sebi. "The DRHP of LIC IPO has been filed today with the SEBI," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted. The government aims to come out with the IPO and subsequent listing of Life Insurance Corporation (LIC) on bourses by March. A portion of the IPO would be reserved for anchor investors. Also, up to 10 per cent of the LIC IPO issue size would be reserved for policyholders. Actuarial firm Milliman Advisors LLP India had worked out the embedded value of LIC, while Deloitte and SBI Caps have been appointed as pre-IPO transaction advisors.

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LIC share sale may fetch govt up to Rs 65,000 cr; DRHP filing likely today

LIC IPO: LIC could be valued between Rs 11 trillion and Rs 12 trillion

Top headlines: LIC IPO, BSE500 headline P/E falls, Tata Steel's NINL bid

Business Standard brings you the top headlines at this hour.

LIC shareholding in listed companies drops to lowest in over a decade

Total number of firms in which it owns over 1% has also fallen

Banks to reach out to anchor investors for LIC IPO after Paytm delay

LIC IPO: Bankers, government officials and LIC staff are working around the clock to complete the preparatory work for the IPO and ensure there's enough demand for the mega sale

LIC provisions up, NPAs down ahead of listing: FY21 annual report

LIC's revenue or total income growth in FY21 was the best in five years

LCI IPO: Valuation delay, likely to push IPO plan beyond FY22

LIC IPO: There are still some issues that need to be addressed with regard to the valuation of LIC, a senior official said

IPO IPO: LIC boasts Rs 37-trillion AUM before overseas investors

LIC IPO: Profit after tax (PAT) went up 6.9 per cent to Rs 2,906.77 crore in FY21, its annual report showed.

IPO-bound LIC exhibits distribution strength to financial investors

Insurer already sourced 97% of FY22 new business premium till September

LIC IPO: FM Nirmala Sitharaman reviews progress on planned mega LIC IPO

LIC IPO: The initial public offering (IPO) of Life Insurance Corporation (LIC) is expected to hit the markets by March

LIC IPO: Finance Minister reviews progress of IPO amid third wave concerns

LIC IPO: The insurer is looking to file DRHP with Sebi this month, in sync with govt's plan to list the company this financial year

Will soon approach Cabinet on revised FDI policy to aid LIC IPO: DPIIT Secy

LIC IPO: DPIIT will soon try to approach the Union Cabinet to seek its approval on changes in the FDI policy to facilitate disinvestment of LIC, a top government official said

LIC IPO: Govt seeks Rs 15-trn valuation for LIC IPO: Report

LIC IPO: If investors agree with those calculations proposed by the government, LIC would join the league of India's biggest companies like RIL and TCS

LIC IPO: Actuary pegs insurer's embedded value at Rs 4-5 trillion

LIC IPO: Market valuation of listed life insurance peers is 3-4x their EV, but govt pushing for Rs 15 trn