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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 […]

Hyderabad: Insurance behemoth, Life Insurance Corporation of India’s initial public offering (IPO) will open on May 4. The government owns 100 per cent stake in LIC, whose total equity is around 632 crore shares. The issue size of the IPO is 22.13 crore shares, which is 3.5 percent of the total number of shares. Its […]

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 […]

Hyderabad: Finance Minister T Harish Rao here on Wednesday slammed the Centre for its discrimination against Telangana in sanctioning projects and funds. Stating that the Central government failed to fulfill its promises made to Telangana, he said that latter did not take any steps for setting up of Bayyaram steel plant in Mahabubabad, railway coach […]

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) […]

Hyderabad: Life Insurance Corporation of India (LIC), the fifth largest global insurer and the tenth largest worldwide in terms of total assets, plans to enhance its product offerings and services with an increased focus on digital and bancassurance in the future. The company today hold 2/3 market share when it comes to gross written premium […]

Hyderabad: Municipal Administration Minister KT Rama Rao on Wednesday said if the BJP was given one more opportunity in the next elections, it would definitely merge Telangana with Andhra Pradesh. Accusing Prime Minister Narendra Modi of questioning the formation of Telangana State, he said, “What are the BJP leaders from Telangana doing when Modi speaks […]

Mumbai: The sensational Rs 22,842 crore mega loan fraud allegedly perpetrated by the Gujarat-based ABG Shipyard Ltd (ABGSL) did not spare the IPO-bound Life Insurance Corporation of India (LIC) while the ICICI Bank and the IDBI Bank took the worst-hit among other government, private, foreign banks, NBFCs, as per official data. The State Bank of […]

Special revival campaign between August 23 and October 22, 2021, for individual lapsed policies.

The disinvestment plan includes strategic sale of IDBI Bank, BPCL, Shipping Corp, Container Corporation, Neelachal Ispat Nigam Ltd, among others.

The 65-year-old LIC, which is soon going for its IPO, has warned stringent legal or civil action against any person found misusing its official logo, in a post on Friday.

In her Budget Speech 2021, Finance Minister Nirmala Sitharaman said the Initial Public Offer (IPO) of LIC would be floated in 2021-22.

The board at its meetings held this year on February 27, March 26, and April 28 has considered and approved the said requests, subject to the approval of the stock exchanges, statutory/regulatory authorities and the shareholders of the bank, it said.

LIC held 3.09 per cent stake in UBI earlier, representing 19,79,23,251 equity shares of the bank.

He has worked in the capacity of Regional Manager (Marketing), Hyderabad and Regional Manager (Bancassurance) Hyderabad.

The scheme christened Griha Varishtha is designed for employees or pensioners covered under the Defined Benefit Pension Scheme (DBPS), as per an official statement.

LIC's April-February new premium was down 3.01 per cent at Rs 1,56,068.64 crore.

The government will remain the majority shareholder and will continue to retain management control, safeguarding the interest of policyholders.

The 'Homy' app facilitated 14,155 customer home loan applications since its launch on February 14, 2020

The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the last four years