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...
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...
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...
India Plans to Let Foreign Investors Hold 20% Stake in Life Insurance Corp.’s IPO October 8, 2021 By Shruti Srivastava India is considering a proposal for foreign investors to own as much as 20% in Life Insurance Corp., according to...
India Likely to Block Chinese Investment in IPO of Insurance Giant LIC: Reuters September 23, 2021 By Aftab Ahmed, Manoj Kumar and Nupur Anand New Delhi wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp. (LIC) which is...