by AIP Online Bureau | Apr 22, 2022 | Indian News, Policy, Wealth Management/ Philanthropy
Officials want to complete the listing — which will still be India’s biggest — in the next two weeks, the people said, asking not to be identified as the deliberations aren’t public. LIC will probably be valued at some Rs 6 lakh crore, the people said New...
by AIP Online Bureau | Apr 21, 2022 | Indian News, Life, Wealth Management/ Philanthropy
The official said it would be a tough call to decide whether to go ahead with the retail and domestic investor demand or to wait for geopolitical tension to ease and FIIs to return to market. “A decision on timing the IPO would be taken this week,” the...
by AIP Online Bureau | Apr 17, 2022 | Indian News, Life
Setting the stage for the country’s biggest-ever public offering, Sebi has approved the draft prospectus for sale of a 5 per cent stake by the government for an estimated Rs 63,000 crore According to the draft paper, LIC’s embedded value, a measure of the...
by AIP Online Bureau | Apr 5, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy
The government and its advisers are considering seeking a valuation of about 1.25 to 1.5 times LIC’s embedded value, the people said. Officials are still discussing potential terms of the offering, and the fund-raising target could still change, the people said...
by AIP Online Bureau | Mar 21, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy
As per the updated financials, the Life Insurance Corporation reported a net profit of Rs 235 crore in the October-December quarter. The net profit in April-December, 2021, increased to Rs 1,671.57 crore from Rs 7.08 crore a year ago Mumbai: The government has filed...
