Department of Investment and Public Asset Management

The government on March 17, 2023, said the disinvestment of IDBI Bank is on track as per the defined strategic sale process. The government on Friday said the disinvestment of IDBI Bank is on track as per the defined strategic sale…

NEW DELHI : The government has put the strategic sale of state-owned Pawan Hans Ltd on hold after the National Company Law Tribunal passed an adverse order against one of the members of the winning consortium, two…

Domestic capital market will see the launch of India’s largest-ever initial public offering (IPO) next week. Life Insurance Corporation of India’s (LIC’s) landmark Rs 21,000-crore IPO will open for subscription on Wednesday. Here’s a look…

Ever since the Life Insurance Corporation (LIC) announced launching the initial public offering (IPO), 6.48 crore LIC policyholders have shown interest to get the much-touted share of the largest insurance company in the country,  an…

For the initial public offering (IPO) of the Life Insurance Corporation of India (LIC), the Centre has shortlisted 50-60 anchor investors, which include BlackRock, Sands Capital, Fidelity Investments, Standard Life, and JP Morgan, and will…

The government may have to rework the valuation of Life Insurance Corporation of India (LIC) for its initial public offering (IPO) if the listing is pushed beyond May, an official said. Photograph: Danish Siddiqui/Reuters The current…

New Delhi: The government has for the second time extended till March 14 the deadline for prospective buyers to submit EoIs for strategic sale-bound HLL Lifecare. The Department of Investment and Public Asset Management (DIPAM) had…

Life Insurance Corporation of India (LIC) has increased the size of its shareholders’ fund to Rs 6,600 crore from Rs 100 crore in a bid to accommodate a larger shareholder base ahead of its public listing. The size of the fund has been…

The government will move ahead with strategic sale of Shipping Corporation, BEML and BPCL in the next financial year, besides initial public offering of three public sector companies, including ECGC, a top government official said. The…

Finance Minister Nirmala Sitharaman will present the much-awaited 2022-23 Union Budget on February 1. While there has been strong recovery in some sectors, touch services like hospitality, tourism and leisure continue to suffer after two…