Govt nudges LIC to tweak product strategy for better investor return

[ad_1] Life Insurance Corporation (LIC) has been trading below the issue price of ₹949 a share ever since it got listed on stock exchanges on May 17 Life Insurance Corporation (LIC) has been trading below the issue price of ₹949 a share ever since it got listed on stock exchanges on May 17 The government […]

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LIC issue price fixed at ₹949 a share, listing on May 17

[ad_1] Shares were allocated to policyholders and retail investors after applying the discount applicable to them Shares were allocated to policyholders and retail investors after applying the discount applicable to them The government has fixed the issue price of LIC shares at ₹949 apiece, the upper end of the IPO price band, ahead of the […]

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LIC IPO share allotment | SC refuses to grant interim relief on pleas seeking stay

[ad_1] The LIC IPO opened on May 4 for retail and other investors and is set to be allotted on May 12. The LIC IPO opened on May 4 for retail and other investors and is set to be allotted on May 12. The Supreme Court on May 12 refused to grant any interim relief […]

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LIC IPO: Retail portion subscribed fully

[ad_1] The policyholder portion was subscribed over three times, while the reserved employees’ segment was subscribed nearly two and half times The policyholder portion was subscribed over three times, while the reserved employees’ segment was subscribed nearly two and half times New Delhi The retail portion of LIC IPO, the country’s biggest-ever, was subscribed fully […]

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LIC public offer to remain open for subscription on Saturday and Sunday

[ad_1] The price band has been fixed at ₹902-949 per equity share for the issue. The price band has been fixed at ₹902-949 per equity share for the issue. LIC public offer will remain open for subscription even on weekend to enable people to participate in the mega IPO of the state-owned insurer. This is […]

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Sensex rallies 651 points in early trade

[ad_1] Equity benchmarks bounced back in early trade on Thursday, May 5, 2022, after falling sharply in the previous trade, with the Sensex rallying 651 points, following significant jump in US markets and buying in index major Infosys. The 30-share BSE benchmark was trading 650.9 points higher at 56,319.93. The NSE Nifty also jumped 185.65 […]

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Congress questions undervaluation and timing of LIC IPO

[ad_1] Valuation reduced from ₹12 lakh crore-₹14 lakh crore in February to ₹6 lakh crore, party says Valuation reduced from ₹12 lakh crore-₹14 lakh crore in February to ₹6 lakh crore, party says On the eve of the mega initial public offering (IPO) of the Life Insurance Corporation (LIC), the Congress on Tuesday questioned why […]

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