LIC share

Life Insurance Corporation of India will offer at 949 rupees a share, the state-run firm said in a prospectus filed Friday. India raised 205.6 billion rupees ($2.7 billion) as its biggest initial public offering priced at the top of the…

Even as the LIC IPO is all set to hit the market next week, the much-awaited offer has always been in the limelight due to its sheer size and the company’s huge market share in the life insurance segment. Although most analysts have given…

Norway’s Norges Bank Investment Management, Singapore’s GIC Pte, and Abu Dhabi Investment Authority have committed to becoming anchor investors in the LIC IPO. The formal announcement is likely to be made on Monday, according to a Bloomberg…

The valuation of Life Insurance Corporation is “fair and attractive” and the government expects significant participation of retail investors in the LIC IPO, DIPAM Secretary Tuhin Kanta Pandey said on Wednesday. The much-awaited initial…

The size of the Life Insurance Corporation‘s (LIC’s) initial public offering (IPO) may be slashed to Rs 21,000 crore, said people in the know. The LIC IPO, however, may come with a greenshoe option of Rs 9,000 crore. The total IPO size,…

The initial public offering of Life Insurance Corporation (LIC) is expected to hit the market in the first week of May and its board has also approved reducing the issue size. In the LIC IPO, the government has now decided to dilute its 3.5…

LIC IPO: The government is expected to take a call on the date and timing of the most anticipated initial share sale of the time — the LIC IPO — within this week, a report has said. The LIC IPO was originally set to be opened in March, but…

India’s largest insurance sector company LIC is expected to launch its much-awaited initial public offering (IPO) by the end of this month. The government is now also planning to cut its valuation by 30 per cent to make it more attractive,…