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HomeTag: LIC

LIC IPO to open on May 4: Sources

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 Rs 6 …

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RBI announces $5 billion dollar-rupee swap

In an attempt to soak up liquidity from the system, the Reserve Bank of India (RBI) on Tuesday announced a $5 billion rupee-dollar swap — the second one this year. The auction will be multiple-price-based in other words, successful bids will be accepted at their respective quoted premiums. The market watchers observe that the swap …

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LIC IPO: Government files updated draft papers with SEBI for Life Insurance Corporation’s 65,000 crore IPO

“Updated DRHP of LIC with December financials has been filed,” an official said, adding it was required to be done as per Sebi observations. The government has filed updated draft papers with market regulator Sebi for an initial public offer of LIC, incorporating December quarter financials of the insurance behemoth, an official said on Monday. …

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LIC IPO to weigh on listed insurance stocks

The issue will fetch anywhere between Rs 50,000 crore and Rs 75,000 crore to the government. By Yoosef KP The mega share sale by Life Insurance Corporation (LIC) is likely to weigh on the performance of listed private insurance players. Insurance stocks, which have been under-performing the market so far this year, are unlikely to …

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Share Market LIVE: SGX Nifty hints a tepid start for Sensex, Nifty; LIC IPO DRHP to be filed next week

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Ahead of the weekly Futures & Options expiry session, SGX Nifty was down in the red with marginal losses, hinting at a tepid start to the day’s trade. Go to Live Updates Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic markets were …

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