Page 13 - Lic Ipo

Street signs: Retail, HNIs pare bullish bets, cashing in on LIC IPO & more

Domestic brokerages are pulling all stops to cash in on the excitement around LIC's initial public offering (IPO).

Cabinet allows up to 20% FDI in IPO-bound LIC under automatic route

The existing FDI policy did not prescribe any specific provision for foreign investment in LIC, which is a statutory corporation established under LIC Act, 1956

Cabinet allows up to 20% FDI in IPO-bound LIC under automatic route: Report

The initial public offering of over 316 million shares or 5% government stake is likely to hit D-street in March

Cabinet likely to consider proposal for FDI in IPO-bound LIC on Saturday

The initial public offering of over 31.6 crore shares or 5 per cent government stake is likely to hit D-street in March

LIC IPO: Bankers buy time to decide on valuations amid market mayhem

Domestic institutional investors, including mutual funds, are keeping their powder dry to invest in LIC's offering

LIC IPO delay? Govt in wait-and-watch mode amid Russia-Ukraine crisis

The government will closely monitor the Ukrainian crisis before taking any decision, the official added

LIC IPO will test India's market depth, says Moelis India's Manisha Girotra

"The LIC IPO will suck liquidity from the market. That's another reason that you will see the markets getting volatile," said Girotra.

LIC IPO: Analysts worried about timing, but expect issue to sail through

Most analysts see several headwinds for the markets that can keep them choppy over the next few months, which is not an ideal scenario for an issue the size of LIC to sail through easily

MFs to keep powder dry as LIC IPO likely to hit the market next month

As of January 31, top five fund houses held Rs 23,245 crore in cash, or 4% of their total equity assets

Potential investors in LIC's giant IPO fret over govt control of insurer

Potential conflicts of interest issues are taking centre-stage in the IPO roadshows that began last week and are expected to go on till the end of the month

Lot of buzz, interest in market for LIC IPO: FM Nirmala Sitharaman

On February 13, the state-owned insurer filed draft papers with capital markets regulator Sebi for the sale of a 5 per cent stake by the government for an estimated Rs 63,000 crore

LIC says PMJJBY policyholders are not eligible for 'quota benefits'

LIC issued a clarification saying Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) subscribers are not eligible to avail the benefits offered to policyholders in the proposed IPO

Potential investors in LIC IPO fret over govt's control of insurer: Report

LIC has in recent years been a key buyer of shares in state-owned firms sold off by New Delhi, often bailing out less-than-successful public issues of shares

RBI to suck out $5 billion liquidity from the system ahead of LIC IPO

Foreign exchange players said the move is positive for rupee and will push up dollar/rupee forward premium

LIC dividend payout likely to restart after IPO, say market experts

Dividend paid to the government of India in FY19 amounted to Rs 2,663 crore.

Profits of insurers, manufacturing firms cannot be compared, says LIC chief

LIC Chairman M R Kumar on Monday said profits of insurance companies cannot be compared with that of manufacturing companies as dynamics of the businesses are different.

LIC largest holder of G-secs, equities, household savings: Report

The IPO-bound national insurer LIC is not only the largest holder of government debt -- owning 19 per cent of the G-secs -- but also the single largest owner of equities

LIC IPO: Watching geo-political situation carefully, says M R Kumar

LIC chairman M R Kumar on Monday said that the insurance behemoth was watching the geo-political situation carefully

PMJJBY policyholders also eligible for LIC IPO 'quota benefits'

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) subscribers are also eligible to avail the quota benefits reserved for the LIC policyholders

'LIC is well-capitalised,' says chairman M R Kumar ahead of mega IPO

He reassured prospective investors not to worry about the Centre's control post the listing as the company's decisions are taken by its Board and not by the Centre