by AIP Online Bureau | Oct 20, 2022 | Indian News, Life, Policy
LIC had bought a 51 per cent stake in IDBI Bank in 2019 for Rs 21,624 crore at an average price of Rs 61 per share. Following a QIP issue in December 2020, the stake of LIC came down to 49 per cent New Delhi: State-owned insurance behemoth LIC is expected to recover...
by AIP Online Bureau | Oct 17, 2022 | Indian News, Life
(Lto R) BC Patnaik, MD, Raj Kumar, MD, MR Kumar, chairperson, Siddhatha Mohanty,MD at the launching event of LIC’s Dhan Varsha The policy is a close ended plan and will be available for sale upto the end of current financial year -31st March 2023 Mumbai: Life...
by AIP Online Bureau | Oct 7, 2022 | Eco/Invest/Demography, Indian News, Policy
“Expression of Interest is invited for Strategic Disinvestment of specified GoI and LIC stakes in IDBI Bank along with transfer of management control. Details are at https://dipam.gov.in,” tweeted Secretary Dipam New Delhi: The government on Friday invited...
by AIP Online Bureau | Sep 27, 2022 | Data, Eco/Invest/Demography, Life, Wealth Management/ Philanthropy
As per Sebi’s regulatory norm, listed companies have to disclose shareholding in excess of 2 per cent Mumbai: LIC has acquired over a 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) for nearly Rs 1,598 crore since December last...
by AIP Online Bureau | Sep 1, 2022 | Indian News, Life
. ”We intend to increase our market share of non-par business as well as diversify the channel mix while ensuring that our agents stay as the main distribution pillars of our products,” LIC chairman M R Kumar told shareholders in company’s annual...
