Life Insurance Corp. of India News

LIC Could Begin Issuing Public Shares for India’s Biggest IPO by Mid-March: Sources

Life Insurance Corp. (LIC), India’s largest insurer, could publish key details of its mammoth initial public offering (IPO) this month and begin issuing public shares by mid-March, government and banking officials told Reuters on Thursday. LIC’s listing is set to …

India Pushes for $203 Billion Valuation for State-Owned Insurer in Mega IPO: Sources

India is pushing for a valuation of about 15 trillion rupees ($203 billion) for a state-owned insurer that’s soon expected to file for the nation’s biggest initial public offering, people familiar with the matter said, even as arrangers awaited a …

Life Insurance Corp. of India’s IPO Prospectus Could Be Filed in Final Week of January

Life Insurance Corporation of India could file a prospectus in the final week of January for what would be the nation’s biggest initial public offering, according to people with knowledge of the matter. The state-run insurer plans to file the …

India Plans to Let Foreign Investors Hold 20% Stake in Life Insurance Corp.’s IPO

India is considering a proposal for foreign investors to own as much as 20% in Life Insurance Corp., according to a person with knowledge of the matter, which would enable them to participate in the nation’s biggest initial public offering. …

India Likely to Block Chinese Investment in IPO of Insurance Giant LIC: Reuters

New Delhi wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp. (LIC) which is due to go public, four senior government officials and a banker told Reuters, underscoring tensions between the two nations. State-owned …

Mega IPO Planned for India’s Biggest Insurer

India approved the sale of shares in state-run insurer Life Insurance Corp. of India, a key step in moving ahead with the mega-listing. The cabinet committee on economic affairs cleared the initial public offering proposal, according to Disinvestment Secretary Tuhin …

India Weighs Sale of 25% Stake in Nation’s Biggest Life Insurer

India is planning to seek cabinet’s approval to sell 25% stake in the nation’s largest life insurer, people with knowledge of the matter said, as Prime Minister Narendra Modi seeks resources to plug a widening budget gap. The government plans …