Can LIC stock prove to be a good long-term bet?
LIC made a less than expected debut on bourses as the stock listed at a discount, hurting all categories of IPO investors. LIC shares listed at Rs 867.20, a discount…
LIC listing to boost transparency, and its credit profile
As a listed company, LIC will face more demanding disclosure requirements, resulting in increased transparency over its operations, and encouraging it to prioritize profitable underwriting and risk management, Moody's Investor…
Government approaches foreign sovereign, pension funds to be anchor investors in LIC public issue
The Central Government has approached the sovereign wealth and pension funds to be anchor investors for the upcoming public issue of LIC. These sovereign wealth and pension funds include the…
LIC chairman’s term extended by a year
The Centre has extended the term of the incumbent Chairman MR Kumar by one more year. This is expected to ensure continuity at leadership level and provide comfort to key…
LIC Board approved minimum 3.5% stake dilution via IPO, can raise limit to 5%
The Board of Life Insurance Corporation (LIC) of India is learnt to have agreed on diluting 3.5% stake in the country's largest insurer, even as it keeps the 5% stake…
PMJJBY policyholders eligible for LIC IPO at discount
Subscribers of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) are eligible for LIC initial public offering at a discount, Chairman of insurance company M R Kumar said. "PMJJBY is part…
Sunil Agrawal appointed CFO of LIC ahead of listing
Life Insurance Corporation (LIC) has appointed Sunil Agrawal as the chief financial officer (CFO) of the corporation. Prior to Agrawal’s appointment, Shubhangi Sanjay Soman was the executive director in charge…
LIC facing disputed tax claims of Rs. 75000 crore
Life Insurance Corporation (LIC) is facing tax claims disputed of Rs 74,894 crore under litigations, which is close to the amount that the corporation is widely expected to raise through…
Ramakrishnan appointed new LIC MF chief
LIC Mutual Fund on March 1 announced the appointment of TS Ramakrishnan as its managing director and chief executive officer. Ramakrishnan, who succeeds Dinesh Pangtey, has spent more than 34…
LIC Housing or IDBI has to stop home loan biz by Nov next year
With Life Insurance Corporation (LIC) becoming a parent company of both IDBI Bank and LIC Housing Finance, either of the subsidiaries will have to wind down its home loan business…