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LIC:Govt eyes to offload 5% stake sale via mega IPO

by AIP Online Bureau | Feb 10, 2022 | Indian News, Life, Wealth Management/ Philanthropy

With 5 per cent, market experts peg the size of the IPO to be at around Rs 40,000 crore.The embedded value of the company is estimated to be about Rs 5.4 trillion ($72 billion), . New Delhi: India is considering selling about 5 per cent of the shares it holds in a...

Sebi comes out with new disclosure format for abridged prospectus

by AIP Online Bureau | Feb 7, 2022 | Indian News, Regulation, Wealth Management/ Philanthropy

Under the revised format, a company will have to disclose about name of the promoter, details of offer to public — types of issue, fresh issue and offer for sale (OFS)component, total issue size — and share reservations details on the front page of the...
India seeks regulatory fast track for LIC as it gears up for the country’s largest IPO

India seeks regulatory fast track for LIC as it gears up for the country’s largest IPO

by AIP Online Bureau | Jan 28, 2022 | Indian News, Life, Regulation, Wealth Management/ Philanthropy

The Securities and Exchange Board of India (SEBI) has been urged to complete its vetting process in less than three weeks instead of the 75 days it usually requires,sources said NEW DELHI: The Indian government has asked regulators for a swift review of Life Insurance...

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