India’s LIC Prices IPO at Top of Indicated Range: Source May 13, 2022 By Scott Murdoch and Nupur Anand India’s Life Insurance Corp. (LIC) has priced its initial public offering at the top of the indicated range, at 949...
Foreign Institutional Investors Steer Clear of India’s Biggest IPO May 9, 2022 By Julia Fioretti and Nupur Acharya Foreign institutional investors have on the whole steered clear of India’s biggest share sale, deeming it too expensive given currency...
Update: Record $2.7 Billion IPO by India’s Life Insurance Corp. Is Oversubscribed May 5, 2022 The record $2.7 billion initial public offering (IPO) by India’s Life Insurance Corp. (LIC) was oversubscribed on Thursday, helped by...
India Slashes Size of Mega Insurer’s IPO With Issue Opening Next Week April 27, 2022 By Ruchi Bhatia, Siddhartha Singh and Suvashree Ghosh India slashed the size of its biggest initial public offering by about 60%, pressing ahead with the sale even as...
India Halves Fundraising Goal to $3.9B for Life Insurance Corp.’s IPO: Source April 22, 2022 By Aftab Ahmed New Delhi is halving its fundraising goal for Life Insurance Corp. of India’s IPO to 300 billion rupees ($3.9 billion),...
AIG’s Life and Retirement Unit Files for IPO March 29, 2022 The holding company of U.S. insurer American International Group Inc.’s life and retirement business, SAFG Retirement Services Inc., filed for...
India Plans to Launch Life Insurance Corp.’s Delayed IPO in April: Sources March 14, 2022 By Manoj Kumar and Aftab Ahmed India aims to launch its $8 billion listing of state-run Life Insurance Corp. (LIC) by mid-April, two government sources said,...
India Approves Up to 20% Foreign Direct Investment in Giant Insurer LIC: Source February 28, 2022 India’s cabinet approved on Saturday a policy amendment allowing foreign direct investment of up to 20% in Life Insurance Corp...
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...