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...
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...
