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...
by AIP Online Bureau | Apr 26, 2022 | Indian News, Life
The issue is set to open on May 2 for anchor investors and will open for subscription on May 4 and close on May 9 Retail investors and employees of LIC are also likely get a discount of Rs 45 on subscribing to the shares of LIC New Delhi: The government has set a...
by AIP Online Bureau | Apr 26, 2022 | Indian News, Life, Wealth Management/ Philanthropy
LIC management and the investment bankers will embark on road shows in six cities across India – including Mumbai, New Delhi, Bengaluru, Ahmedabad, Rajkot, Kolkata – where they will be meeting potential investors and analysts starting on Wednesday, one of...
by AIP Online Bureau | Apr 23, 2022 | Indian News, Policy, Wealth Management/ Philanthropy
The issue size is expected to be worth Rs 21,000 crore, valuing the country’s largest insurer at Rs 6 lakh crore LIC board had met on Saturday to approve the modified IPO LIC is likely to file the red herring prospectus with market regulator Sebi by Wednesday...
