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After muted debut, LIC investors seek Aramco-style dividend

After muted debut, LIC investors seek Aramco-style dividend

by AIP Online Bureau | May 18, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy

Ashishkumar Chauhan, MD and CEO, BSE, MR Kumar, Chairperson, Life Insurance Corporation and Tuhin Kanta Pandey, DIPAM Secretary pose after the company’s IPO listing ceremony at the BSE in Mumbai With the demand for a handsome payout, LIC investors are taking a...
LIC listed at Rs 867, 8.62% discount over its issue price of Rs 949, over 1 cr shares exchange hands

LIC listed at Rs 867, 8.62% discount over its issue price of Rs 949, over 1 cr shares exchange hands

by AIP Online Bureau | May 17, 2022 | Indian News, Life

Tuhin Kanta Pandey, secretary, DIPAM (L) and MR Kumar, chairman, LIC at the LIC’s listing ceremony at BSE on Tuesday “We were not expecting on a big listing as markets were jittery, expect it to pick up,” said LIC’s Chairman M. R. Kumar...
LIC IPO: Listing on Tuesday, Faith of millions of Indian small investors put to test

LIC IPO: Listing on Tuesday, Faith of millions of Indian small investors put to test

by AIP Online Bureau | May 15, 2022 | Eco/Invest/Demography, Indian News, Life, Wealth Management/ Philanthropy

“The mood could turn sour if the market price falls,” said Amitabh Dubey, a political analyst at research company TS Lombard. “The government could face criticism” Of the 21 Indian state-run companies that debuted in the stock market since 2010, half are still trading...
SC refuses to grant interim relief on pleas seeking stay on LIC IPO share allotment

SC refuses to grant interim relief on pleas seeking stay on LIC IPO share allotment

by AIP Online Bureau | May 12, 2022 | Indian News, Life

“We are not inclined to grant any interim relief,” the bench said as it issued notice to the Centre and LIC on the batch of pleas seeking their response within eight weeks New Delhi: The Supreme Court on Thursday refused to grant any interim relief and stay the Life...

LIC leads life insurer’s new business premium growth of 84% in April

by AIP Online Bureau | May 10, 2022 | Indian News, Life

The largest insurer, state-owned LIC’s first year premium or new business premium more than doubled (at 141 per cent rise) to ₹ 11,716 crore as against ₹ 4,856.76 crore in April 2021, the Insurance Regulatory and Development Authority of India (IRDAI) said LIC...
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