The initial public offering of Life Insurance Corporation of India has received robust response from investors with the insurance major’s offer having been subscribed 2.89 times. New Delhi, May 10 (IANS) The initial public offering of Life Insurance Corporation of India
Life Insurance Corporation of India’s initial public offering saw full subscription of its retail segment in the early hours of the third day of bidding on Friday. New Delhi, May 7 (IANS) Life Insurance Corporation of India’s initial public offering saw
Domestic mutual funds invested Rs 4,002 crore, accounting for a little over 71 per cent of the total anchor book portion of the much-awaited initial public offering (IPO) of Life Insurance Corporation (LIC). New Delhi, May 4 (IANS) Domestic mutual funds
Chennai, Feb 16 (IANS) Life insurance giant Life Insurance Corporation of India (LIC) has a comfortable solvency ratio of 1.83 as against the regulatory requirement of 1.50. According to the Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange
Chennai, Feb 14 (IANS) The Life Insurance Corporation of India (LIC) said that it is not in compliance with the sectoral regulator’s stipulation regarding certain investments in its pension, group and life annuity funds. Further the loss to be transferred to
Chennai, Feb 14 (IANS) Life Insurance Corporation of India (LIC) has provided Rs 7,419.56 crore as a separate mortality reserve for April -September 30, 2021 for Covid-19 pandemic. The LIC in its Draft Red Herring Prospectus (DRHP) has said for fiscal
New Delhi, Jan 28 (IANS) India’s bulge bracket IPO is here. On Thursday, a top government official indicated that the Life Insurance Corporation (LIC) could launch its big-ticket initial public offering (IPO) in early March this year, adding that the government
New Delhi, Sep 16 India is seeking a valuation of between Rs 8 trillion ($109 billion) and Rs 10 trillion for the state-backed Life Insurance Corporation in what’s slated to be the nation’s biggest initial public offering, Bloomberg reported. The
New Delhi, May 10 Keeping in view the safety of its customers, the Life Insurance Corporation (LIC) has decided to offer relaxations in various claim settlement requirements to make the process easier and hassle-free. The relaxations will kick in from
Chennai, April 21 One of Asia’s life insurance giants, Life Insurance Corporation of India (LIC) closed last fiscal with a new business premium or first year premium of Rs 1.84 trillion, the company said. The insurer also paid Rs.1.34 trillion
Chennai, Feb 1 Union Finance Minister Nirmala Sitharaman, announcing the disinvestment of Life Insurance Corporation of India (LIC), has scored a self goal against that proposal with her new tax slabs that would impact sales of insurance policies and valuation
New Delhi, March 18 The country’s largest life insurer Life Insurance Corporation (LIC) may propose a timeline of 3-5 years for cutting down its stake in the recently acquired IDBI Bank to comply with insurance regulator Irdai’s norm of 15
Mumbai, Dec 19 The Life Insurance Corporation (LIC) has made an open offer to acquire 26 per cent stake in the public sector lender IDBI Bank for Rs 61.73 a share. Currently, the Securities and Exchange Board of India (SEBI) norms
Patna – October 10, 2018: LIC Mutual Fund, India’s one of the leading fund house with assets under management of ₹ 20,171 Crore (Avg as on 31st March 2018) and wide product suite across asset classes, launches its new branch
Mumbai, July 18 State-run IDBI Bank on Tuesday said it will seek rgw central government’s nod on the Life Insurance Corp’s (LIC) proposal to acquire 51 per cent stake in the debt-ridden lender. According to a BSE filing, the lender received
Kolkata, Sep 15 Following the government’s decision to infuse capital into Corporation Bank to the tune of Rs.857 crore, the state-owned bank on Monday said it has received a letter from LIC expressing interest to infuse Rs.143 crore into it
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