Page 24 - Life Insurance Corporation

Govt shortlists four law firms to assist LIC IPO after failed first attempt

Crawford Bayley, Cyril Amarchand Mangaldas, Link Legal and Shardul Amarchand Mangaldas will make a representation before govt on Friday

Law firms bid to work on India's LIC IPO as government sweetens terms

After the law firms showed no interest, the government revised its offer twice this month, limiting the timeline of the LIC's IPO work and offering a part payment during the IPO process, not just at t

LIC's share in life insurance was dwindling, pandemic only sped the decline

India's biggest insurer is losing market share and faltering on growth like never before, as it prepares to go public through an IPO

LIC agents to steer awareness campaign for retail investors ahead of IPO

Move comes ahead of India's largest IPO, expected later this year

IDBI Bank strategic sale: Most merchant bankers indicate 52 weeks' time

Most of the merchant bankers who had submitted bids for facilitating strategic sale of LIC-controlled IDBI Bank indicated a time-frame of one year to complete the elaborate process, sources said

LIC IPO could result in job losses, social spending, trade union warns

The sale, which is set to be the country's biggest, could value the company at as much as $261 billion, surpassing Reliance Industries Ltd.

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

Govt selects 10 banks to manage LIC IPO to raise up to Rs 90,000 cr: Report

A ministerial panel, called the Alternative Mechanism on strategic Divestment, is expected to decide soon on the size of the stake to be sold.

Govt may permit foreign direct investment in LIC ahead of mega IPO

Allowing foreign investors to invest in LIC would aid its listing, expected to be the largest initial public offering in India

LIC IPO: Centre plans big push to participation by retail investors

The government is also planning a big advertisement campaign for the listing of the IPO

Post LIC IPO, 60% of insurance biz to be with listed entities: Official

The sector as a whole has been growing at a pace significantly higher than that of the overall economy, says dditional Secretary in the Finance Ministry Amit Agarwal

Top headlines: Tata group's legacy issues; tweaks to LIC surplus payouts

Business Standard brings to you the top headlines on Tuesday

Gradual tweaks to LIC surplus payouts likely; Finmin exploring a glide path

Finmin exploring a glide path; considering the interests of both policyholders and future shareholders

Govt plans to complete LIC IPO in current fiscal, says B K Karad

The government plans to complete the initial public offering of Life Insurance Corporation (LIC) in the current fiscal, the Minister of State for Finance Bhagwat Kishanrao Karad said on Monday.

Stock exchanges examining preferential share issue to parent firm: LIC HFL

Under the issue, LIC Housing Finance will allot 4,54,00,000 shares to Life Insurance Corporation of India (LIC)

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

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

Top Headlines: LIC IPO gets cabinet nod; liquidity in banking system rises

Business Standard brings to you top headlines on Tuesday

CCEA clears LIC disinvestment; FM-led panel to decide quantum of stake sale

The government has already brought in required legislative amendments in the LIC Act for the proposed IPO

LIC to have CEO, MD as govt does away with Chairman post ahead of IPO

To facilitate the listing of the insurance behemoth, the government has already approved raising its authorised share capital to Rs 25,000 cr\