Prospective Investors in Giant LIC IPO Worried About Gov’t Control of Insurer: Sources February 22, 2022 By Nupur Anand, Aftab Ahmed and Scott Murdoch Prospective investors in Life Insurance Corp. of India’s (LIC) $8 billion IPO are seeking assurances from company management that it...
India’s State-Run Insurer LIC Set to Launch Record $8 Billion IPO on March 11: Sources February 18, 2022 By Scott Murdoch, Aftab Ahmed and Nupur Anand A public offering of shares by India’s state-run Life Insurance Corp (LIC), set to be the country’s biggest yet at...
India’s Life Insurance Corp. Files IPO Papers to Potentially Raise $8 Billion February 14, 2022 By Nupur Anand, Aftab Ahmed and Sudarshan Varadhan State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator to sell 5% of its...
Life Insurance Corp. of India’s Embedded Value Set at More Than $66.8B: Gov’t Official February 3, 2022 By Aftab Ahmed and Manoj Kumar NEW DELHI – State-run Life Insurance Corp. of India’s (LIC) embedded value has been finalized at more than 5 trillion...
Generali to Raise Stake in Indian P/C Insurance Joint Venture to 74% January 27, 2022 Generali has agreed to become the majority shareholder in both its property/casualty and life joint ventures in India. For the...
LIC Could Begin Issuing Public Shares for India’s Biggest IPO by Mid-March: Sources January 14, 2022 By Aftab Ahmed and Nupur Anand Life Insurance Corp. (LIC), India’s largest insurer, could publish key details of its mammoth initial public offering (IPO) this month...
India Pushes for $203 Billion Valuation for State-Owned Insurer in Mega IPO: Sources January 12, 2022 By Vrishti Beniwal and Suvashree Ghosh India is pushing for a valuation of about 15 trillion rupees ($203 billion) for a state-owned insurer that’s soon expected...
Life Insurance Corp. of India’s IPO Prospectus Could Be Filed in Final Week of January January 11, 2022 By Vrishti Beniwal, Baiju Kalesh and Suvashree Ghosh Life Insurance Corporation of India could file a prospectus in the final week of January for what would be the...
Marsh Increases Shareholding in Marsh India from 49% to 92% December 27, 2021 Insurance broker Marsh announced that it has increased its shareholding in Marsh India Insurance Brokers Pvt. Ltd. from 49% to...
KKR Nears Deal to Buy Stake in India’s Shriram General Insurance Ahead of IPO December 15, 2021 By Baiju Kalesh and Anto Antony KKR & Co. is nearing a deal to buy a 10% stake in Shriram Capital Ltd.’s general insurance unit for...