Page 9 - Life Insurance Corporation

BS BFSI Insight Summit: Onus on life insurers to transform biz, say experts

The life insurance industry saw massive disruptions in the initial period of the pandemic

Govt aims big for LIC IPO, inspired by Zomato; eyes Rs 10 trn valuation

Valuers are expected to finalise embedded value of LIC this month

India pushing to get LIC IPO done on time: FM Sitharaman

Finance Minister announced plans to sell shares in the insurer in February 2020, but pandemic slowed the process

Improving business prospects, divestment make analysts bullish on PSU stks

In the last 10 years, though PSU stocks have gained ground, they have mostly been laggards at the bourses

LIC invites applications to appoint chief financial officer ahead of IPO

The Union government plans to list LIC on the bourses by the end of this fiscal year

Govt shortlists four law firms to assist LIC IPO after failed first attempt

Crawford Bayley, Cyril Amarchand Mangaldas, Link Legal and Shardul Amarchand Mangaldas will make a representation before govt on Friday

Law firms bid to work on India's LIC IPO as government sweetens terms

After the law firms showed no interest, the government revised its offer twice this month, limiting the timeline of the LIC's IPO work and offering a part payment during the IPO process, not just at t

LIC's share in life insurance was dwindling, pandemic only sped the decline

India's biggest insurer is losing market share and faltering on growth like never before, as it prepares to go public through an IPO

LIC agents to steer awareness campaign for retail investors ahead of IPO

Move comes ahead of India's largest IPO, expected later this year

IDBI Bank strategic sale: Most merchant bankers indicate 52 weeks' time

Most of the merchant bankers who had submitted bids for facilitating strategic sale of LIC-controlled IDBI Bank indicated a time-frame of one year to complete the elaborate process, sources said

LIC IPO could result in job losses, social spending, trade union warns

The sale, which is set to be the country's biggest, could value the company at as much as $261 billion, surpassing Reliance Industries Ltd.

LIC picks up 4% stake in Bank of India via open market transaction

LIC has picked up nearly 3.9 per cent (15,90,07,791 shares) of the bank through open market acquisition

Govt selects 10 banks to manage LIC IPO to raise up to Rs 90,000 cr: Report

A ministerial panel, called the Alternative Mechanism on strategic Divestment, is expected to decide soon on the size of the stake to be sold.

Govt may permit foreign direct investment in LIC ahead of mega IPO

Allowing foreign investors to invest in LIC would aid its listing, expected to be the largest initial public offering in India

LIC IPO: Centre plans big push to participation by retail investors

The government is also planning a big advertisement campaign for the listing of the IPO

Post LIC IPO, 60% of insurance biz to be with listed entities: Official

The sector as a whole has been growing at a pace significantly higher than that of the overall economy, says dditional Secretary in the Finance Ministry Amit Agarwal

Top headlines: Tata group's legacy issues; tweaks to LIC surplus payouts

Business Standard brings to you the top headlines on Tuesday

Gradual tweaks to LIC surplus payouts likely; Finmin exploring a glide path

Finmin exploring a glide path; considering the interests of both policyholders and future shareholders

Govt plans to complete LIC IPO in current fiscal, says B K Karad

The government plans to complete the initial public offering of Life Insurance Corporation (LIC) in the current fiscal, the Minister of State for Finance Bhagwat Kishanrao Karad said on Monday.

Stock exchanges examining preferential share issue to parent firm: LIC HFL

Under the issue, LIC Housing Finance will allot 4,54,00,000 shares to Life Insurance Corporation of India (LIC)