by AIP Online Bureau | Feb 13, 2022 | Indian News, Life, Wealth Management/ Philanthropy
Although the DRHP does not disclose the market valuation of LIC, as per industry standards it would about 3 times the embedded value or around Rs 16 lakh crore. The government will sell over 31 crore equity shares of LIC LIC’s embedded value has been pegged at...
by AIP Online Bureau | Feb 10, 2022 | Indian News, Life, Wealth Management/ Philanthropy
With 5 per cent, market experts peg the size of the IPO to be at around Rs 40,000 crore.The embedded value of the company is estimated to be about Rs 5.4 trillion ($72 billion), . New Delhi: India is considering selling about 5 per cent of the shares it holds in a...
by AIP Online Bureau | Feb 3, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy
While there has been speculation about the number in Indian media – from as low as $53 billion to as high as $150 billion – this is the first time the government, which owns 100% of LIC, is commenting on the matter. The embedded value will help establish...
by AIP Online Bureau | Feb 2, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy
Secretary in the department of investment and public asset management (DIPAM) Tuhin Kanta Pandey, said approval of the insurance regulator is awaited, post which the draft prospectus, detailing the size of the share sale, will be filed. New Delhi: Government is likely...
by AIP Online Bureau | Jan 28, 2022 | Indian News, Life, Regulation, Wealth Management/ Philanthropy
The Securities and Exchange Board of India (SEBI) has been urged to complete its vetting process in less than three weeks instead of the 75 days it usually requires,sources said NEW DELHI: The Indian government has asked regulators for a swift review of Life Insurance...
