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  • LIC IPO | Govt selects 10 banks including Goldman Sachs, Citigroup to manage share sale Aug 27, 2021 06:13 PM IST

    LIC IPO | Govt selects 10 banks including Goldman Sachs, Citigroup to manage share sale

    The government expects to raise Rs 80,000 crore-90,000 crore ($11 bln-12.2 bln) from its stake sale in Life Insurance Corp (LIC), as part of its plans to raise Rs 1.75 lakh crore from a privatisation programme in the current fiscal year ending in March 2022.

  • Stock exchanges examining preferential share issue to parent: LIC Housing Finance Jul 17, 2021 10:09 PM IST

    Stock exchanges examining preferential share issue to parent: LIC Housing Finance

    LIC Housing Finance (LIC HFL) fixed the issue price for the shares at Rs 514.25 apiece to its promoter Life Insurance Corporation of India (LIC) on a preferential basis.

  • No Rexit impact? Foreign funds took out Rs 2,837 cr on Monday Jun 22, 2016 08:50 AM IST

    No Rexit impact? Foreign funds took out Rs 2,837 cr on Monday

    Life Insurance Corp, one of the most active institutional investors, is believed to have pumped in Rs 99 crore to purchase shares of 6-7 bluechip firms, while mutual funds also turned heavy buyers with a net purchase of shares worth Rs 459 crore and debt securities worth Rs 1,215 crore during the day.

  • IDBI Bank strategic stake sale unlikely this fiscal Jan 03, 2016 04:00 PM IST

    IDBI Bank strategic stake sale unlikely this fiscal

    Government is unlikely to go for a strategic stake sale of state-owned IDBI Bank during the current fiscal due to some procedural issues. "Strategic stake sale in IDBI Bank may not happen this fiscal due to some procedure issues but the bank can raise funds through QIP," sources said.

  • LIC trims stake in Ashok Leyland by 2% Oct 19, 2015 02:56 PM IST

    LIC trims stake in Ashok Leyland by 2%

    LIC, which had 7.31 per cent stake earlier, brought down its shareholding in the company to 5.30 percent by selling shares between November 4, 2014, and October 16, 2015, Ashok Leyland said in a BSE filing.

  • 'Cairn Energy to vote against Vedanta-Cairn India merger' Jul 23, 2015 08:14 AM IST

    'Cairn Energy to vote against Vedanta-Cairn India merger'

    Cairn Energy's objections were over "fundamental disagreements over valuations", and its preference for "holding an investment in an energy company rather than a distributed resources group," the newspaper said, citing one person with direct knowledge of the matter.

  • Anil Agarwal rules out raising offer price for Cairn Jun 16, 2015 08:49 PM IST

    Anil Agarwal rules out raising offer price for Cairn

    Minority shareholders of Cairn, who have seen share prices almost halve to Rs 170-180 in past one year on back of the company cutting exploration expense and falling oil prices, have criticised the offer of one Vedanta Ltd share and one 7.5 percent preference share in Vedanta Ltd for every share they hold.

  • BoI shares up over 4.5% on fund raising plan Feb 10, 2015 01:26 PM IST

    BoI shares up over 4.5% on fund raising plan

    The bank has decided to issue and allot up to 2.26 crore of Rs 10 each for cash at Rs 283.50 per share, including premium of Rs 273.50 per equity share, at a price as determined in accordance with Sebi regulation aggregating up to Rs 641.99 crore on preferential basis, BOI had said in a notice to the BSE yesterday.

  • Govt allows LIC to hold up to 30% in companies Nov 21, 2012 05:18 PM IST

    Govt allows LIC to hold up to 30% in companies

    Hard pressed to meet the Rs 30,000 crore disinvestment target, the Finance Ministry today permitted the state-owned Life Insurance Corporation to invest up to 30 percent in a company as against the earlier ceiling of 10 percent.

  • LIC sells Tata Global Beverages shares worth Rs 160 crore Aug 27, 2012 09:24 PM IST

    LIC sells Tata Global Beverages shares worth Rs 160 crore

    Life Insurance Corp (LIC) has sold shares worth Rs 160 crore of Tata Global Beverages, representing a little over 2% stake in the company.

  • LIC, IL&FS sign pact for USD 2bn infra debt fund May 11, 2012 07:12 PM IST

    LIC, IL&FS sign pact for USD 2bn infra debt fund

    LIC and IL&FS on Friday signed a pact to set up a debt fund with a corpus of USD 2 billion to finance infrastructure projects in Asia's third-largest economy.

  • Govt eyes auctions to meet $5.65 bn stake sale target Apr 16, 2012 05:56 PM IST

    Govt eyes auctions to meet $5.65 bn stake sale target

    The government is likely to kickstart stake sales in state-run companies in June - preferably through the auction of shares - to meet a target of Rs 30000 crore set for this fiscal year, the official in charge of disinvestment said on Monday.

  • NBCC IPO may be launched in March: Govt official Mar 07, 2012 12:36 PM IST

    NBCC IPO may be launched in March: Govt official

    State-owned National Buildings Construction Co's (NBCC) initial public offering may be launched on March 22, Sidhartha Pradhan, additional secretary in the government's Department of Disinvestment, told television channel CNBC TV18 on Wednesday.

  • LIC hikes stake in PFC to 5.01% Sep 07, 2011 08:10 PM IST

    LIC hikes stake in PFC to 5.01%

    Life Insurance Corp has hiked its stake in Power Finance Corp (PFC) to a little over 5% after purchasing additional shares worth over Rs 3.82 crore through open market purchases.

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