Page 28 - Lic

Govt appoints 10 merchant bankers for managing mega LIC IPO

The bankers include Goldman Sachs (India) Securities, Citigroup Global Markets India, BofA Securities, JP Morgan India

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

LIC IPO: Govt floats fresh RFP for legal adviser as law firms shy away

In new tender, DIPAM specifies three-year time limit for validity of the financial bids

Top headlines: Bumper-to-bumper insurance, ITR filing dates to be extended

Business Standard brings the top headlines of the day

Top headlines: Air India union gets its say; IPO bet starts paring for rich

Business Standard brings you the top headlines of the day

LIC launches campaign for policyholders to revive lapsed policies

To provide continued risk cover to its policyholders, state-run insurer Life Insurance Corporation of India on Monday launched a special campaign for the revival of lapsed individual policies.

8 law firms in race to advise on sale of govt's 45.48% stake in IDBI Bank

LIC, which owns 49.24 per cent, will also offload its stake to transfer management control to the new buyer

Call for clarity: Investors reach govt door, seek LIC IPO details

Investors have been keen to know the embedded value of India's largest insurer, and the value of new businesses, which are yet to be determined

LIC stake in NSE-listed companies dips in June quarter, shows data

The percentage of holding across 295 companies, where its holding is more than 1 per cent, slipped to 3.74 per cent in Q1 from 3.83 per cent in the previous quarter ended March on an aggregate basis

LIC Housing Fin approaches SAT in regard to preferential shares allotment

LIC Housing Finance has approached Securities Appellate Tribunal with regard to company's proposal of allotting over 4.5 crore preferential shares to its parent company LIC

BPCL disinvestment process slows down due to pandemic, LIC IPO: Report

The disposal may only take place as soon as early next year rather than in 2020, one of the people said, asking not to be identified as the matter is private

DIPAM invites bids from bankers, advisors for LIC's initial public offering

Kick-starting the process for LIC disinvestment, the government has invited bids from merchant bankers and legal advisors for advising it on the proposed mega initial public offering.

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

Top headlines: Govt floats RFP for LIC IPO; Covid scare for Team India

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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

LIC IPO gets Cabinet nod; decision on issue size soon by FM-led panel

The government is targeting the launch of LIC's IPO in the last quarter of the financial year as it is yet to derive the embedded value of the insurer.

Top Headlines: Paytm president quits; commodity inflation bites hard

Business Standard brings to you the top headlines on Saturday

IPO-bound LIC chairman M R Kumar to complete his term: Govt official

The government has abolished the position of chairman at the insurer, and will have a CEO and MD

Centre, LIC to offload part or full IDBI Bank stake in one go: DIPAM

Any person holding less than 25% of shares in a company can make an open offer provided that it is for a minimum of 26%

LIC's holding in IDBI Bank to be sold along with govt's stake: DIPAM

LIC's holding in IDBI Bank would be sold along with the government's stake in the lender's disinvestment, but the exact quantum of stake dilution is yet to be decided, the DIPAM has said.