by AIP Online Bureau | Mar 4, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy
Finance Minister Nirmala Sitharaman said this week she “wouldn’t mind” taking another look at the timing of the LIC offering, though ideally she’d like to go ahead with it. Even if it doesn’t pursue the share sale on the original timeline, the government is still...
by AIP Online Bureau | Mar 3, 2022 | Briefs, Life
Getting ready for a public listing, Life Insurance Corporation (LIC), with over Rs 38 trillion assets, has roped in Sunil Agrawal as its chief financial officer (CFO). Agrawal earlier had worked with Reliance Nippon Life Insurance in the same post for over 12 years....
by AIP Online Bureau | Mar 1, 2022 | Indian News, Life, Policy, Risk Management, Wealth Management/ Philanthropy
“Ideally, I’d like to go ahead with it because we’d planned it for some time based purely on Indian considerations,” Sitharaman said “But if global considerations warrant that I need to look at it, I wouldn’t mind looking at it again,” she said New Delhi India may...
by AIP Online Bureau | Feb 27, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy
Under current rules, foreign investment is not allowed in the LIC, governed by the special parliament act, while 74% foreign direct investment is allowed in other private insurance companies NEW DELHI: India’s cabinet approved on Saturday a policy amendment...
by AIP Online Bureau | Feb 25, 2022 | Life, Policy, Wealth Management/ Philanthropy
As per Sebi rules, both FPI and FDI are permitted under public offer. However, since the LIC Act has no provision for foreign investments, there is a need to align the proposed LIC IPO with Sebi norms regarding foreign investor participation New Delhi: The Union...
