by AIP Online Bureau | Aug 21, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Policy
“LIC’s market value is around Rs 6 lakh crore. So, keeping in mind the liquidity of the market, transactions are designed according to that. And it is not appropriate to give any number in the form of a rumour in the middle of the market,” Arunish...
by AIP Online Bureau | Aug 1, 2025 | Indian News, Life, Policy, Regulation
“As far as LIC is concerned, we have completed the RFP process. The process for appointment of merchant bankers and legal advisors has been completed,” DIPAM) Secretary Arunish Chawla said The government needs to offload another 6.5 per cent stake in the...
by AIP Online Bureau | Apr 9, 2025 | Eco/Invest/Demography, Indian News, Life, Policy
The privatisation of IDBI Bank has been in process for over two and a half years. In October, 2022, when the government, together with LIC, had invited EoI from investors for privatising IDBI Bank by selling a total of 60.72 per cent stake. This includes a 30.48 per...
by AIP Online Bureau | Feb 24, 2025 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy
As per the RFP (request for proposal) floated by DIPAM, the merchant bankers would be empanelled for a period of three years (further extendable by 1 year) and they would advise the government on the timing and the modalities of the transaction for dilution of equity...
by AIP Online Bureau | Jul 31, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy
Tuhin Kant Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) On the disinvestment of PSU banks, Pandey stated that the Department of Financial Services could provide more details, but he mentioned that it is not being pursued currently...
