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...
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:...
