LIC, Delhivery, PharmEasy among deals to be keenly followed by the market
In the same period last financial year, LIC's net profit totaled Rs 0.91 crore
There are certain external factors affecting the markets because of the conflict in Europe, and the government is watching the situation carefully, the official said
In the wake of the market volatility due to the Ukraine-Russia war, there might be a rethink on the timing of the LIC share sale
Fund manager Mark Mobius says he sees more downside in equity markets amid the invasion of Ukraine. More on that in our top headlines.
LIC had over 282 million policies in force as of September 30, 2021, but policyholders tend to have more than one policy
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SBI Life shares settled 5.7 per cent higher at Rs 1,120, whereas HDFC Life 7.0 per cent up at Rs 560
'If global considerations warrant that I need to look at it (LIC IPO), I wouldn't mind looking at it again,' says FM
Russia-India defence sales face looming sanctions. More on that in our top headlines.
The initial public offering of over 31.6 crore shares or 5 per cent government stake is likely to hit D-street in March
The Centre will wait and watch how the Russia-Ukraine crisis affects the stock markets before taking a call on deferring the IPO of LIC. More on this in our top headlines.
Mutual funds are keeping their powder dry to invest in LIC's IPO that is expected to hit the market next month
"The LIC IPO will suck liquidity from the market. That's another reason that you will see the markets getting volatile," said Girotra.
On February 13, the state-owned insurer filed draft papers with capital markets regulator Sebi for the sale of a 5 per cent stake by the government for an estimated Rs 63,000 crore
LIC issued a clarification saying Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) subscribers are not eligible to avail the benefits offered to policyholders in the proposed IPO
LIC has in recent years been a key buyer of shares in state-owned firms sold off by New Delhi, often bailing out less-than-successful public issues of shares
LIC has not paid any dividends in nearly three years, something that may have helped shore up the insurer's net worth ahead of its IPO. More on that in our top headlines.
Kumar says investors need not worry about govt control post IPO
If there is any capital requirement, we will have to approach not only the government but all shareholders, said Kumar