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Finmin asks public sector banks to monetise investments in subsidiaries via listing on bourses

Finmin asks public sector banks to monetise investments in subsidiaries via listing on bourses

by AIP Online Bureau | Jun 29, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life, Policy

For example, the country’s biggest lender State Bank of India may look at listing SBI General Insurance and SBI Payment Services in the future after they scale up their operations.The general insurance arm of SBI has allotted 3,71,693 equity shares of ₹10 each...
Go Digit shares settle with over 12 pc premium in debut trade

Go Digit shares settle with over 12 pc premium in debut trade

by AIP Online Bureau | May 23, 2024 | Indian News, Non-Life, Wealth Management/ Philanthropy

The stock began the trade at Rs 281.10, up 3.34 per cent from the issue price on the BSE. During the day, it climbed 15.44 per cent to Rs 314. Shares of the company ended at Rs 305.75 apiece, up 12.40 per cent New Delhi: Shares of Go Digit General Insurance Ltd,...
Insurers need not seek its prior-approval for going public: IRDAI

Insurers need not seek its prior-approval for going public: IRDAI

by AIP Online Bureau | Feb 2, 2024 | Health, Indian News, Life, Non-Life, Policy, Regulation

The IRDAI will soon provide more clarity on capital structure of the applicants seeking new registration and provide more clarity on applicability of requirement of prior- approval for transfer of shares Hyderabad: Announcing  some key measures, Indian insurance...
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...
Govt eyes LIC listing on stock exchanges by March end: DIPAM Secy

Govt eyes LIC listing on stock exchanges by March end: DIPAM Secy

by AIP Online Bureau | Jan 27, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy

“LIC disinvestment amount will be included in this year’s (Budget) because we aim to list it before March 31,” Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told PTI New Delhi: The government will list the...

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