by AIP Online Bureau | May 4, 2022 | Indian News, Life, Wealth Management/ Philanthropy
Retail Individual Investor category picked up nearly 60 per cent of the 6.9 crore shares set aside for this segment However, demand from qualified institutional buyers (QIBs) and non-institutional investors was muted. The non-institutional investors’ portion was...
by AIP Online Bureau | May 3, 2022 | Indian News, Life, Wealth Management/ Philanthropy
With Rs 6 lakh cr market cap on a PAT of Rs 3,000 crore makes a PE ratio of 200x. In our view PE ratio is not comparable with private players as LIC’s distribution policy is now changed and higher allocation towards shareholders account in upcoming future to...
by AIP Online Bureau | May 2, 2022 | Indian News, Life, Wealth Management/ Philanthropy
Norwegian wealth fund Norges Bank Investment Management and Singapore sovereign wealth fund GIC have subscribed to the anchor book, the source said Alongside other global funds, domestic mutual fund houses such as HDFC mutual fund, SBI, ICICI and Kotak have also come...
by AIP Online Bureau | May 1, 2022 | Indian News, Life, Wealth Management/ Philanthropy
Singapore’s GIC Pte and Norway’s sovereign wealth fund are among the anchor investors Mumbai: Life Insurance of Corporation of India’s initial public offering gets bids from large investors for twice the size of the anchor book, according to people with the knowledge...
by AIP Online Bureau | Apr 29, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy
More than the embedded value one should look at the value for new business (VNB) going forward, and it should reach 12-13 in the future, LIC Chairman MR Kumar said VNB margin is what investors would be looking at and it is 9 for LIC at present, he said. New Delhi: LIC...
