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Nov 28, 2022 02:33 PM IST The new EoM rules, and the bunch of relaxations on capital and distribution tie-ups that IRDA has announced, should explain the surge in the shares of listed life insurers.
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Nov 07, 2022 08:12 PM IST LIC said it acquired Voltas' shares worth Rs 634.50 crore through open market transactions during the period from August 10 to November 4, 2022.
- Sep 12, 2022 01:16 PM IST
Private life insurers reported 8.9 percent on year growth in individual APR and 17.6 percent y-o-y growth in total APE in August 2022. Total APE growth for LIC was lower at 12.5 percent on year but its YTD growth was higher than that of the industry
- Sep 07, 2022 10:08 AM IST
The relaxation is expected to make the strategic sale of the bank more attractive to a potential investor as there will be more time for complying with the norm
- Aug 30, 2022 01:27 PM IST
IDBI Bank’s ownership can be a shot in arm for Fairfax’s banking ambitions as the former is ten times the size of CSB Bank in terms of asset base
- Jul 14, 2022 05:43 PM IST
The value of new business during financial year 2021-22 has been determined as Rs 7,619 crore, LIC said.
- Jul 13, 2022 12:25 PM IST
In the run-up to LIC IPO, the insurer raised Rs 5,627 crore from anchor investors by allotting them 59.3 million shares
- Jun 20, 2022 12:35 PM IST
LIC's shares fell to their fresh 52-week low on the NSE on June 20 as the investment banker’s research wing initiated coverage on the stock with an 'outperform' rating
- Jun 10, 2022 01:14 PM IST
LIC shares have fallen 25 percent from the issue price of Rs 949 per share after listing on May 17. The stock has seen an average decline of around 1.3 percent per session in 19 trading sessions. If the anchor investors, a majority of whom are MFs, cut losses, there will be a further slide.
- Jun 10, 2022 10:39 AM IST
The lock-in period for anchor investors is to end on June 13, which will allow such investors to sell their existing shares in the market
- May 17, 2022 12:42 PM IST
Experts believe that personal savings and awareness regarding insurance will increase, enabling the sector to outperform in the long run and will indirectly benefit LIC
- May 16, 2022 05:09 PM IST
Given stock market volatility, LIC's debut may be muted, but experts advise investors not to panic and hold on to the stock from a medium- to long-term perspective.
- May 16, 2022 06:53 AM IST
Considering the prevailing market scenario, experts expect a soft listing between +/- 5 percent to the offer price but they advise investors to look at the stock for long term only.
- May 09, 2022 03:45 PM IST
LIC being a massive company with a considerable market share will continue to be attractive in the listed space, even though the insurance industry is becoming competitive with an increasing number of listed players
- May 04, 2022 03:11 PM IST
Mutual funds, global investment firms, National Pension Schemes, and other insurance companies made a beeline to subscribe to LIC IPO’s anchor book. But investors were chosen with care
- May 04, 2022 12:37 PM IST
The reception of the IPO by foreign investors has been muted so far. The anchor portion of the IPO saw only 18.08 percent of the more than 59 million shares on offer
- May 03, 2022 07:17 AM IST
Key business strategy of LIC is to capitalize on the growth opportunities in the Indian life insurance sector wherein the total premium for life insurers is forecasted to grow at 14-15 percent CAGR over the next five years.
- May 02, 2022 12:02 PM IST
Analysts have also largely recommended investors to subscribe to the public issue.
- May 02, 2022 10:46 AM IST
LIC's IPO is priced at a significant discount to private peers. Why so?
- Apr 29, 2022 12:12 PM IST
LIC deserves to be valued cheaply than professionally-managed, well-regulated, and transparent insurers -- just like public sector enterprises, including banks
- Apr 28, 2022 04:24 PM IST
Its internal assessment in 2013 put a value of Rs 70,000 crore on its real estate and art holdings. Imagine how much Rs 70,000 crore would have appreciated in 2022
- Apr 27, 2022 08:39 PM IST
Abu Dhabi Investment Authority is also among those in discussions to participate in Life Insurance Corporation of India’s first-time share sale
- Apr 27, 2022 01:20 PM IST
Tuhin Kanta Pandey also said they expect strong retail participation in the issue.
- Apr 26, 2022 06:33 PM IST
The discount will be Rs 40 for retail and employees, sources privy to the development told CNBC TV18
- Apr 25, 2022 09:15 PM IST
Sebi has given its nod to the updated DRHP that lists a 3.5 percent stake sale, as against 5 percent as mentioned in the previous draft papers.
