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...
by AIP Online Bureau | Dec 31, 2021 | Eco/Invest/Demography, Indian News, Regulation
“When any entity raises money under an IPO, it is for some purpose and investors are investing for that purpose, so that needs to be strictly monitored,” Ajay Tyagi, chairman of SEBI, told a news briefing after the regulator’s board meeting MUMBAI:...
by AIP Online Bureau | Dec 23, 2021 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
The year witnessed tremendous response from retail investors as well. The average number of applications from retail was 14.36 lakh, in comparison to 12.77 lakh in 2020 and 4.05 lakh in 2019. The highest number of applications from retail in 2021 was received by...
