by AIP Online Bureau | Feb 20, 2022 | Indian News, Life, Wealth Management/ Philanthropy
The report notes that LIC’s margin has already gone by up 700 bps to 9.9 percent after government amended LIC’s surplus/profit distribution rules which allows it to make a 10 per cent shift in the business mix from participating policies to...
by AIP Online Bureau | Feb 17, 2022 | Indian News, Life, Wealth Management/ Philanthropy
LIC’s listing could dump the equivalent of nearly 60% of the three insurers’ free-float capitalisation on the market, Macquarie said in a report this week, adding that the outlook for them remains challenging If LIC’s valuation is attractive, the...
by AIP Online Bureau | Feb 15, 2022 | Indian News, Life, Wealth Management/ Philanthropy
The initial public offering (IPO) of over 31.6 crore shares or 5 per cent government stake is likely to hit the market in March and employees and policyholders of the insurance behemoth would get a discount over the floor price Mumbai: Life Insurance Corporation of...
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...
