Page 21 - Life Insurance Corporation

LIC picks up 4% stake in Bank of India via open market transaction

LIC has picked up nearly 3.9 per cent (15,90,07,791 shares) of the bank through open market acquisition

Govt selects 10 banks to manage LIC IPO to raise up to Rs 90,000 cr: Report

A ministerial panel, called the Alternative Mechanism on strategic Divestment, is expected to decide soon on the size of the stake to be sold.

Govt may permit foreign direct investment in LIC ahead of mega IPO

Allowing foreign investors to invest in LIC would aid its listing, expected to be the largest initial public offering in India

LIC IPO: Centre plans big push to participation by retail investors

The government is also planning a big advertisement campaign for the listing of the IPO

Post LIC IPO, 60% of insurance biz to be with listed entities: Official

The sector as a whole has been growing at a pace significantly higher than that of the overall economy, says dditional Secretary in the Finance Ministry Amit Agarwal

Top headlines: Tata group's legacy issues; tweaks to LIC surplus payouts

Business Standard brings to you the top headlines on Tuesday

Gradual tweaks to LIC surplus payouts likely; Finmin exploring a glide path

Finmin exploring a glide path; considering the interests of both policyholders and future shareholders

Govt plans to complete LIC IPO in current fiscal, says B K Karad

The government plans to complete the initial public offering of Life Insurance Corporation (LIC) in the current fiscal, the Minister of State for Finance Bhagwat Kishanrao Karad said on Monday.

Stock exchanges examining preferential share issue to parent firm: LIC HFL

Under the issue, LIC Housing Finance will allot 4,54,00,000 shares to Life Insurance Corporation of India (LIC)

Govt floats Request for Proposal to appoint intermediaries for mega LIC IPO

Merchant bankers, and registrar and share transfer agents will have to submit their bids by August 5

Govt invites bids from merchant bankers, legal advisors for LIC IPO

The last date for putting in bids is August 6, as per a notice issued by DIPAM

Top Headlines: LIC IPO gets cabinet nod; liquidity in banking system rises

Business Standard brings to you top headlines on Tuesday

CCEA clears LIC disinvestment; FM-led panel to decide quantum of stake sale

The government has already brought in required legislative amendments in the LIC Act for the proposed IPO

LIC to have CEO, MD as govt does away with Chairman post ahead of IPO

To facilitate the listing of the insurance behemoth, the government has already approved raising its authorised share capital to Rs 25,000 cr\

Government extends retirement age of LIC chairman to 62 years

The changes made in the rules will be called the Life Insurance Corporation of India (Staff) Amendment Rules, 2021, according to a government notification dated June 30, 2021.

LIC Housing Finance to raise Rs 2,334 cr through preferential share issue

Around 12.40 p.m., shares of the company on the BSE were trading at Rs 468.65, higher by Rs10.90 or 2.38 per cent from its previous close.

LIC Housing Finance to raise over Rs 2,334 cr from LIC as equity capital

LIC will infuse equity capital worth about Rs 2,334.70 crore in its subsidiary LIC Housing Finance by picking up an additional stake in the company

40 stocks take up three-fourths of institutional equity ownership in India

LIC's portfolio was the most concentrated, with 40 stocks accounting for 81%. RIL, TCS and ITC were its top picks

Amid Covid, LIC relaxes claim settlement requirements from Monday

LIC has allowed alternate proofs of death as a relevant proof. Earlier, death certificates were mandatory for claims process

Life insurance companies' new premium business up 45% at Rs 9,739 crore

While the NBP of private insurers, 23 in total, grew 55.18 per cent over the same period last year, state-owned Life Insurance Corporation reported 35.6 per cent growth