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Govt ‘concerned’ about dip in LIC share price; calls it temporary blip

Govt ‘concerned’ about dip in LIC share price; calls it temporary blip

by AIP Online Bureau | Jun 10, 2022 | Indian News, Life, Wealth Management/ Philanthropy

Tuhin Kanta Pandey, secretary,DIPAM ”We are very concerned about the temporary blip in LIC share price. People will take time to understand (fundamentals of) LIC. LIC management will look into all these aspects and will raise the shareholders’...
LIC shares decline for 5th day; mcap falls below Rs 5 lakh cr-mark

LIC shares decline for 5th day; mcap falls below Rs 5 lakh cr-mark

by AIP Online Bureau | Jun 6, 2022 | Indian News, Life, Wealth Management/ Philanthropy

LIC had fixed the issue price of its shares at Rs 949 apiece after a successful IPO, which was over subscribed nearly 3-times when it closed on May 9 Mumbai: Shares of Life Insurance Corporation of India (LIC) continued to fall for the fifth day running on Monday and...

Digit Insurance plans to raise $500 million via public offer, aims a $5 billion valuation

by AIP Online Bureau | May 25, 2022 | Indian News, Non-Life, Wealth Management/ Philanthropy

Digit was valued at close to $4 billion earlier this month when it raised a tranche of funding. It has so far raised more than $400 million from Sequoia Capital, A91 Partners and Faering Capital, besides Fairfax MUMBAI: India’s Digit Insurance, backed by...
LIC listed at Rs 867, 8.62% discount over its issue price of Rs 949, over 1 cr shares exchange hands

LIC listed at Rs 867, 8.62% discount over its issue price of Rs 949, over 1 cr shares exchange hands

by AIP Online Bureau | May 17, 2022 | Indian News, Life

Tuhin Kanta Pandey, secretary, DIPAM (L) and MR Kumar, chairman, LIC at the LIC’s listing ceremony at BSE on Tuesday “We were not expecting on a big listing as markets were jittery, expect it to pick up,” said LIC’s Chairman M. R. Kumar...
LIC IPO: Listing on Tuesday, Faith of millions of Indian small investors put to test

LIC IPO: Listing on Tuesday, Faith of millions of Indian small investors put to test

by AIP Online Bureau | May 15, 2022 | Eco/Invest/Demography, Indian News, Life, Wealth Management/ Philanthropy

“The mood could turn sour if the market price falls,” said Amitabh Dubey, a political analyst at research company TS Lombard. “The government could face criticism” Of the 21 Indian state-run companies that debuted in the stock market since 2010, half are still trading...
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