New Delhi: The country’s largest insurer LIC on Tuesday listed its shares at a discount of 8.11 per cent at Rs 872 per share on the NSE. On the BSE, the shares got listed at Rs 867.20 apiece, down 8.62 per cent over the issue price of Rs 949 a share. LIC had fixed the […]
Hyderabad: LIC IPO in its current form will lead to a loss of more than Rs 50,000 crore as the current share price band severely undervalues the insurance behemoth, said People’s Commission on Public Sector and Public Services (PCPSPS). In a statement, it termed the LIC IPO as nothing short of a scandal and perhaps […]
Hyderabad: Even as the mega IPO of insurance behemoth LIC is set for launch on May 4, serious doubts are being raised about deliberate undervaluation to benefit foreign investors. Investors would get to buy big stakes at heavily discounted prices. On the other hand, various reports indicate that the sale at the current price band […]
New Delhi: The initial public offering of the country’s largest insurer LIC will open on May 4 and close on May 9, sources said. The IPO, through which the government will sell 3.5 per cent stake in state-owned Life Insurance Corporation (LIC), will fetch Rs 21,000 crore to the exchequer. The IPO values LIC at […]
New Delhi: The government is expected to defer the mega initial public offering (IPO) of LIC to the next financial year as the ongoing Russia-Ukraine war has dampened fund managers’ interest in the public issue, market experts said on Sunday. The government was looking to sell 5 per cent stake in Life Insurance Corporation (LIC) […]
The Department of Investment and Public Asset Management (DIPAM) would appoint up to ten merchant bankers and one legal firm for assisting and advising on the stake sale.
CCEA in its meeting on July 7 approved the reworked plan for IPO finalised by the Department of Investment and Public Asset Management (DIPAM), clearing the several impediments for the country's largest IPO.
New Delhi: The government is likely to invite bids from merchant bankers this month for managing LIC disinvestment as it moves ahead with plans to launch the IPO by January. The Department of Investment and Public Asset Management had in January appointed actuarial firm Milliman Advisors to assess the embedded value of LIC ahead of […]
