by AIP Online Bureau | Nov 8, 2022 | Data, Life
LIC said it acquired Voltas’ shares worth Rs 634.50 crore through open market transactions during the period from August 10 to November 4, 2022 Mumbai: Life Insurance Corporation of India (LIC) has increased its shareholding in Voltas by buying an additional 2...
by AIP Online Bureau | Nov 1, 2022 | Data, Life
”Holding in the company has crossed 5 per cent on October 31, 2022,” LIC said. The acquisition of shares were done during the period from December 3, 2021 to October 31, 2022 at an average cost of Rs 455.69. Mumbai: Shareholding by Life Insurance...
by AIP Online Bureau | Oct 28, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy
The transfer, if concluded, would boost LIC’s net worth by about 18 times from its current value of about 105 billion rupees and top the net worth chart among insurers, including SBI Life and HDFC Life, both the officials said. New Delhi: State owned Life...
by AIP Online Bureau | Oct 26, 2022 | Indian News, Life, Wealth Management/ Philanthropy
The finance ministry in its performance review has been sensitising the LIC management about the steps that could be taken to better investor wealth and focus on non-participating products or term plans to improve profitability New Delhi: The government is nudging LIC...
by AIP Online Bureau | Oct 23, 2022 | Banking & Bancassurance, Indian News, Life, Policy
The government earlier this month invited bids for the sale of a 60.72 percent stake in IDBI Bank, which is 45.48 percent owned by the government and 49.24 percent by the Life Insurance Corporation of India (LIC). The official said that post-privatization, the...
