by AIP Online Bureau | May 5, 2022 | Indian News, Life, Wealth Management/ Philanthropy
Retail individual investors picked up nearly 93 per cent of the 6.9 crore shares set aside for this segment Of the total, the policyholders’ portion was subscribed a little over three times, while that for employees was subscribed 2.21 times Mumbai: LIC’s...
by AIP Online Bureau | May 5, 2022 | Indian News, Life, Workplace/Employee Benefits
“We see the arrival of external shareholders with experience of the insurance industry as a further key benefit of the IPO. We believe the presence of foreign stakeholders will bring particular benefits in the areas of capital adequacy, financial flexibility and...
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...
