The government's sale of five per cent stake in Life Insurance Corporation (LIC), was originally planned to be launched in March, but the Russia-Ukraine crisis has derailed the plans as stock markets are highly volatile.
The country's biggest life insurer had filed the draft offer document for a five percent stake sale by the government on February 13. LIC IPO, touted as the country's biggest ever public offer, was initially planned for this month.
With LIC’s IPO round the corner, the proposed sale of IDBI Bank is likely to gain momentum and the real attraction for the prospective buyer will be the bank's large and strong deposit base
The Health Ministry said that India has a very transparent and efficient system of reporting COVID-19 deaths, right from the gram panchayat level to the district and the state level.
Optimist projections of LIC’s bumper listing aside, stock market volatility coupled with international adverse developments could rain on the government’s parade
Currently, private insurance companies trade at a multiple of 3-4 times embedded value. LIC’s embedded value as on September 30, 2021 has been estimated at 5.39 lakh crore. In this video, we take a closer look at the valuation, likely issue price, market cap and other metrics
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In a first-of-its-kind move, the government has decided to create a 10 percent policyholders’ quota in LIC IPO. Here’s a guide on how policyholders can apply for the IPO.