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LIC lists at 8.11% discount at Rs 872 per share on NSE
Business

LIC lists at 8.11% discount at Rs 872 per share on NSE

On the BSE, the LIC shares got listed at Rs 867.20 apiece, down 8.62 per cent over the issue price of Rs 949 a share

LIC set to debut shares on stock market today; here's what you need to know
Business

LIC set to debut shares on stock market today; here's what you need to know

LIC had last month reduced its IPO size to 3.5 per cent from 5 per cent decided earlier due to the prevailing choppy market conditions

LIC IPO subscribed nearly three times; government raises Rs 21,000 crore
Business

LIC IPO subscribed nearly three times; government raises Rs 21,000 crore

Against 16,20,78,067 shares on offer, 47,83,25,760 bids were received, according to data posted on stock exchanges at 7 pm

LIC IPO Day 3 subscription: Retail portion fully subscribed in first hour of bidding today
Business

LIC IPO Day 3 subscription: Retail portion fully subscribed in first hour of bidding today

As per the data on stock exchanges at 11:36 am on Friday, the Retail Individual Investor category garnered over 7.2 crore bid, as against 6.9 crore shares set aside for the segment

LIC IPO opens, here's all you need to know before subscribing to this public issue
Business

LIC IPO opens, here's all you need to know before subscribing to this public issue

LIC IPO News Today - The government aims to generate about Rs 21,000 crore by diluting its 3.5 per cent stake in the insurance behemoth. Also, 10 per cent of the shares are reserved for LIC policyholders, while 0.7 per cent for LIC employees

LIC IPO opens today: Here's what you should know before investing
Business

LIC IPO opens today: Here's what you should know before investing

On Wednesday, LIC is making its grand debut in the Indian stock market, which will singularly be the biggest-ever Initial Public Offer in the history of Indian stock markets

LIC raises Rs 5,627 crore from anchor investors led by domestic institutions
Business

LIC raises Rs 5,627 crore from anchor investors led by domestic institutions

Anchor Investors' (AIs) portion (5,92,96,853 equity shares) was subscribed at Rs 949 per equity share, the insurer said in an early morning filing to exchanges

LIC IPO opens on 4 May, to list on stock exchange on 17 May; price band Rs 902 to 949
Business

LIC IPO opens on 4 May, to list on stock exchange on 17 May; price band Rs 902 to 949

The government is selling over 22.13 crore shares in LIC at a price band of Rs 902-949 a piece in the initial public offering, which opens on 4 May and closes on 9 May

LIC fixes price band at Rs 902-949 a share for Rs 21,000 crore IPO, issue to hit markets on 4 May
Business

LIC fixes price band at Rs 902-949 a share for Rs 21,000 crore IPO, issue to hit markets on 4 May

The government in February had planned to sell a 5 percent stake in Life Insurance Corporation (LIC). However, the ongoing market volatility due to the Russia-Ukraine war made it lower the issue size to 3.5 percent

LIC IPO likely to open on 4 May, close on 9 May
Business

LIC IPO likely to open on 4 May, close on 9 May

The government had initially wanted to list LIC in the last financial year that ended 31 March but had to delay the sale after the Russia-Ukraine war triggered a market rout

Government to sell 3.5% stake in LIC, IPO to fetch Rs 21,000 crore
Business

Government to sell 3.5% stake in LIC, IPO to fetch Rs 21,000 crore

The government in February had planned to sell a 5 percent stake in Life Insurance Corporation (LIC). However, the ongoing market volatility due to the Russia-Ukraine war made it lower the IPO size

Centre amends FEMA rules to let 20% foreign investment in LIC's public issue
Business

Centre amends FEMA rules to let 20% foreign investment in LIC's public issue

The government is planning to dilute its stake in LIC through the the IPO. LIC in February had filed the Draft Red Herring Prospectus (DRHP) before the markets regulator Sebi for the IPO

Russia-Ukraine crisis: Centre may postpone LIC IPO to next financial year, says Sitharaman
Business

Russia-Ukraine crisis: Centre may postpone LIC IPO to next financial year, says Sitharaman

The government was expecting to garner Rs 63,000 crore by selling 5 per cent stake in the life insurance firm to meet the curtailed disinvestment target of Rs 78,000 crore in the current fiscal

LIC IPO: Last date today to link PAN with policy record to avail discount; check direct link here
Business

LIC IPO: Last date today to link PAN with policy record to avail discount; check direct link here

Individuals who wish to be considered under the reserved quota for the LIC IPO need to link their PAN Card details to their policy records

Cabinet allows up to 20% foreign direct investment in IPO-bound LIC: Sources
Business

Cabinet allows up to 20% foreign direct investment in IPO-bound LIC: Sources

Increased FDI inflows will supplement domestic capital, technology transfer, skill development for accelerated economic growth and development across sectors

LIC likely to launch $8 billion IPO on 11 March; all you need to know
Business

LIC likely to launch $8 billion IPO on 11 March; all you need to know

The public issue is expected to be the largest in the country, with an estimated value of $8 billion. The record for the largest public issue in India is currently held by Paytm at $2.5 billion

Centre files draft papers with market regulator SEBI for LIC IPO
Business

Centre files draft papers with market regulator SEBI for LIC IPO

The government will sell over 31 crore equity shares of LIC, according to the draft red herring prospectus filed with SEBI

LIC AE and AAO recruitment 2021: Preliminary exam results released at licindia.in
India

LIC AE and AAO recruitment 2021: Preliminary exam results released at licindia.in

The exams seek to fill 168 vacancies for the post of assistant administrative officers and 50 vacancies for assistant engineers

LIC makes claim settlement easier amid COVID-19 wave, municipal certificate not required for hospital deaths
India

LIC makes claim settlement easier amid COVID-19 wave, municipal certificate not required for hospital deaths

As per the new rules, beneficiaries can claim settlement by presenting a discharge/death summary that has a clear date and time of death

IDBI Bank shares rally 20% after lender posts net profit of Rs 135 cr in March quarter
Business

IDBI Bank shares rally 20% after lender posts net profit of Rs 135 cr in March quarter

IDBI Bank shares on Monday zoomed 20 percent to its highest trading permissible limit for the day after the company posted a profit of Rs 135 crore in the quarter ended March