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...
by AIP Online Bureau | Apr 29, 2022 | Indian News, Life, Workplace/Employee Benefits
The LIC IPO aims to raise as much as Rs 210 billion ($2.7 billion) by pricing shares between 902 rupees to Rs 949 rupees each. Norges Bank Investment Management, GIC Pte and Abu Dhabi Investment Authority will be among the anchor names due to be announced Monday, the...
by AIP Online Bureau | Apr 27, 2022 | Indian News, Life, Wealth Management/ Philanthropy
(L to R) MR Kumar, chairman, LIC and Tuhin Kanta Pandey, secretary, Dipam at a press conference in Mumbai to announce LIC IPO “The valuation process itself is essentially a discovery process. Because you don’t know what we are comparing it with? Is LIC equal to...
