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The Latest Breaking News from LIC

LIC customers and nation are losing out, says Isaac

‘It used to give 95% of surplus generated to policyholders’

The Hindu

BHEl, LIC played key role in country’s development: Amit Shah

It was due to the farsightedness of the Planning Commission, he says

The Hindu

Indian insurance giant slumps after country's biggest-ever IPO

Mumbai (AFP) - Indian state-owned insurance giant LIC slumped on its market debut Tuesday following the country's biggest-ever initial public offering, closing nearly eight percent below the IPO price.

AFP

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LIC sees lacklustre debut in stock market; lists at over 8% discount

LIC lists on NSE at ₹872 per share, down 8.11% over the issue price of ₹949

The Hindu

India's biggest-ever IPO falls 7% on market debut

Mumbai (AFP) - India's biggest-ever IPO, state-owned insurance giant LIC, fell seven percent from its flotation price of 949 rupees when it made its market debut Tuesday.

AFP

Business: LIC share lists at 8.11 per cent discount at Rs 872 on NSE

The country's largest insurer LIC on Tuesday listed its shares at a discount of 8.11 per cent at Rs 872 per share on the NSE. Read details on Dynamite News:

Dynamite News

Fire breaks out at LIC building in suburban Mumbai

‘It was restricted to the second floor of the building,’ LIC said in a statement

The Hindu

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Business: Retail portion of LIC IPO subscribed fully

The retail portion of LIC IPO, the country's biggest-ever, was subscribed fully in the first hour of bidding on day three on Friday. Full story on Dynamite News:

Dynamite News

Staff members in all eight divisions of LIC protest

‘Govt. is desperate to sell shares of LIC to mop up resources for meeting fiscal deficit’

The Hindu

LIC employees stage protest in Dharwad opposing IPO

They say that the Government has undervalued it several times that would cause irreparable damage

The Hindu

LIC employees protest IPO

MYSURU

The Hindu

India's Biggest IPO Enjoys Analyst Confidence Thanks To Attractive Valuation, Retail Investor Discount

India's largest IPO has started taking orders from individuals and other categories after attracting anchor investors, Bloomberg reports. Retail investors can place their orders for shares of India's state-controlled Life Insurance Corporation until May 9. Also Read: India's Largest IPO Raises $736M Ahead of Listing, Attracts Foreign Investment Retail investors will be allocated 35%…

Benzinga

LIC’s southern zone manager takes charge

G. Venkataramanan joined the insurance firm in 1989 as a direct recruit officer

The Hindu

India's state insurance company to list in biggest IPO

India is selling shares in its largest state-owned insurer in its biggest initial public offering ever

The Independent UK

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The Hindu

Morning Digest | India, Denmark to strengthen Green Strategic Partnership; two tribal men beaten to death on suspicion of cow slaughter in M.P., and more

A select list of stories to read before you start your day

The Hindu

Letters to the Editor — May 4, 2022

Address unemployment

The Hindu

Congress questions undervaluation and timing of LIC IPO

Valuation reduced from ₹12 lakh crore-₹14 lakh crore in February to ₹6 lakh crore, party says

Benzinga

India's Largest IPO Raises $736M Ahead of Listing, Attracts Foreign Investment

India’s largest-ever public offering has attracted anchor investors, including Norway’s sovereign wealth fund and the Singaporean government, raising ₹56.3 billion ($736 million) ahead of its initial public offering, Bloomberg reports. The 123 anchor investors joining Life Insurance Corp of India’s IPO committed to purchasing shares at ₹949 per share, the top end of…

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The Hindu

LIC is more than a corporate powerhouse

Creating employment opportunities for women is fundamental to LIC’s identity

The Hindu

Opposition parties flay Centre for LIC IPO

Scaling down of valuation of share was done under pressure from international investors out to make a quick buck, says CPI(M)

Dynamite News

LIC IPO price band at Rs 902-949 per share; offer opens on May 4

Life Insurance Corporation (LIC) has set its price band for the Initial Public Offer (IPO) at Rs 902 to Rs 949 per equity share. The public offer starts on May 4 and will remain open for bidders till May 9. Read more on Dynamite News:

AFP

India slashes size of biggest IPO

Mumbai (AFP) - India has slashed the size of an initial public offering by insurance giant LIC but the share issue will still be the country's largest to date, with a targeted windfall of $2.7 billion, regulatory filings showed Wednesday.

The Hindu

Protest marches, demonstrations mark day one of strike

Members of trade unions and employees associations respond to call in Haveri, Gadag and Dharwad districts

Dynamite News

HC rejects plea against disinvestment

The Madras High Court has rejected a PIL plea challenging the amendments made in the Finance Act and LIC Act, which enabled the central government to disinvest its stakes in the Life Insurance Corporation of India.

The Hindu

Privatisation of IDBI Bank | Government holding roadshows to assess interest of investors, says MoS for Finance Bhagwat Karad

The government and the LIC together own more than 94% equity of IDBI Bank

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People

Randeep Singh Surjewala

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TM Thomas Isaac

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