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...
by AIP Online Bureau | Jan 18, 2022 | Indian News, Life, Policy
A knock-out listing could see LIC raise as much as $10 billion from the IPO with a minimum dilution of 5%. That would make it the third biggest globally involving an insurer Mumbai:In Mumbai’s sleek skyscrapers, harried bankers race the clock to appraise a company...
by AIP Online Bureau | Jan 13, 2022 | Indian News, Life, Policy
Officials are working on the valuation of the company which manages more than $450 billion of assets, and once that is done they will issue a draft IPO prospectus for investors, a government and two banking sources with direct knowledge of the matter said. New Delhi:...
by AIP Online Bureau | Jan 12, 2022 | Indian News, Life, Policy
The government is still awaiting the completed valuation report, the people said, and projected valuations may change based on that. They added that LIC could be valued at as high as five times the so-called embedded value — higher than 3-4 times for most insurers...
by AIP Online Bureau | Jan 7, 2022 | Indian News, Life, Policy, Regulation, Wealth Management/ Philanthropy
The matter is being discussed with the Department of Financial Services and Department of Investment and Public Asset Management (DIPAM) New Delhi: The commerce and industry ministry is making changes in the foreign direct investment (FDI) policy to facilitate...
