by AIP Online Bureau | Jan 18, 2022 | Indian News, Life, Policy
A knock-out listing could see LIC raise as much as $10 billion from the IPO with a minimum dilution of 5%. That would make it the third biggest globally involving an insurer Mumbai:In Mumbai’s sleek skyscrapers, harried bankers race the clock to appraise a company...
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 30, 2021 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation, Reinsurance, Risk Management
Domestic systemically important insurers(D-SIIs) are already being subjected to enhanced regulatory supervision as the continued functioning of D-SIIs is critical for the uninterrupted availability of insurance services to the national economy On Thursday, the...
