Page 5 - Life Insurance Corporation Of India Lic
LIC drives new business premiums of life insurers up 15% YoY in October
The surge in LIC's NBP was primarily driven by a 30% increase in its group single premium
 "LIC drives new business premiums of life insurers up 15% YoY in October")
LIC buys additional stake in Voltas for Rs 635 cr via open mkt transactions
Life Insurance Corporation of India (LIC) has increased its shareholding in Voltas by buying an additional 2 per cent stake. LIC said it acquired Voltas' shares worth Rs 634.50 crore through open market transactions during the period from August 10 to November 4, 2022. The state-owned life insurer increased its shareholding from 2,27,04,306 shares (equivalent to 6.862 per cent) to 2,93,95,224 (8.884 per cent) in Voltas, according to a regulatory filing on Monday. Voltas is engaged in the business of air conditioning, refrigeration, electro-mechanical projects as an EPC (engineering, procurement and construction) contractor both in domestic and international market. Stock of LIC closed at Rs 633.30 apiece on BSE, up by 0.84 per cent, while Voltas scrip ended 1.24 per cent lower at Rs 834.40 apiece.
 "LIC buys additional stake in Voltas for Rs 635 cr via open mkt transactions")
CCI puts AGI Greenpac's acquisition of HNG on hold, seeks more details
On the CCI website, the notice filed by AGI Greenpac on September 27 regarding the acquisition, has been marked as 'Notice Not Valid'
 "CCI puts AGI Greenpac's acquisition of HNG on hold, seeks more details")
LIC, Nykaa, Tata Motors: Are these buzzing stocks bottoming out?
Sun Pharmaceutical seems set to register a new 52-week high; while Tata Motors and Torrent Pharmaceuticals are yet to take-off their respective obstacles, charts show.
 "LIC, Nykaa, Tata Motors: Are these buzzing stocks bottoming out?")
Thrust on non-par products to yield desired results: LIC chief M R Kumar
We intend to sharpen the focus on bancassurance to steadily and considerably increase its volume, thereby its share in our business, said Kumar
 "Thrust on non-par products to yield desired results: LIC chief M R Kumar")
LIC plans to increase agent strength by 40%, ramp up HR systems
India's largest insurer is also looking to revamp its human resources systems in its drive to make the oldest insurance company more technologically advanced, said people aware of the development
 "LIC plans to increase agent strength by 40%, ramp up HR systems")
LIC Housing finance hikes lending rate by 60 bps, home loans start at 7.5%
Says hike is in line with market scenario; rates are still very competitive and demand for home loans is to likely to sustain
 "LIC Housing finance hikes lending rate by 60 bps, home loans start at 7.5%")
LIC slips for 8th straight day on muted growth, down 24% from issue price
LIC's inability to move up in the customer segment by significantly changing its product and distribution mix means that the insurer will continue to lose market share.
 "LIC slips for 8th straight day on muted growth, down 24% from issue price")
Should you buy or sell LIC, Delhivery shares?
The shares of LIC fell 3% yesterday. The stocks of Delhivery soared 2%. Both the companies came out with Q4 results yesterday. What should be the investment strategy for these recently-listed stocks?
 "Should you buy or sell LIC, Delhivery shares?")
Top headlines: LIC Q4 PAT declines 18%; TaMo to acquire Ford's Sanand plant
Business Standard brings you the top headlines on Monday
 "Top headlines: LIC Q4 PAT declines 18%; TaMo to acquire Ford's Sanand plant")
LIC shares drop 8% below issue price on debut, end at Rs 873 apiece
The insurance behemoth's shares hit an intra-day low of Rs 860 and a high of Rs 920, not coming closer to the issue price but providing small investors an opportunity to exit with nominal gains.
LIC IPO: Banks get just 0.06% of proceeds to handle India's largest float
According to LIC's final offer document, the company shelled out just Rs 11.8 cr as payment to book running lead managers, or 9.9% of total issue expenses
 "LIC IPO: Banks get just 0.06% of proceeds to handle India's largest float")
Down nearly 8% at closing bell, LIC adds to poor listing scorecard of PSUs
Most large floats by the government have failed to create long-term wealth for investors
LIC lists at 8.6% discount, stock recovers partially post weak debut
LIC has now become the fifth most valuable listed Indian company with a market capitalisation of Rs 5.72 trillion on the BSE as of 10:08 am, the exchange data shows.
 "LIC lists at 8.6% discount, stock recovers partially post weak debut")
LIC may list at a discount to issue price if grey market is an indicator
Stock could list anywhere between Rs 900 and Rs 940, says market player, citing weak institutional investor demand during LIC's Rs 20,577-crore maiden share sale
 "LIC may list at a discount to issue price if grey market is an indicator")
Nearly a million LIC IPO applications could be rejected due to glitches
The actual number of valid applications will be formally announced by LIC ahead of its listing
In the grey market LIC shares slip below their issue price ahead of listing
Individual investors are still expected to make gains
Foreign investors step up bids for LIC IPO in last hour before closing
With just hours to go until end of the subscription period for the $2.7 billion initial public offering of LIC, foreign institutional funds have put in orders for merely 8% of the shares
LIC IPO subscribed 1.8x a day ahead of close, big push from policyholders
The policyholder quota was subscribed over 5 times, employee portion 3.8 times and retail individual investor quota 1.6 times.
LIC IPO subscribed 1.4 times on day 3 on interest by policyholders, staff
The policyholder quota was subscribed 4 times, employee portion 3.1 times and retail individual investor quota 1.23 times