Lic Valuation News Today

LIC last week reported a near fourteen-fold surge in first-quarter profit, as it moved money to a shareholders' fund to shore up its bottom-line.

Brand Finance India has released its annual list of top 10 most valuable Indian bands 2023. Amidst the post-pandemic situation, Indias top 100 most valuable brands have seen growth. The total value of these Indian brands has been estimated at $2 trillion. Check out the valuation of Tata Group, Infosys, LIC, Reliance Industries Limited, Brand Strength Index 2023, Mahindra Group’s brand valuation, Anand Mahindra, Mahindra Auto, tech Mahindra

Party spokesperson Randeep Singh Surjewala made the allegation a day before the initial public offering of India’s biggest insurer is slated to open.

LIC shares have intrinsic value, as they embody a right to a slice of its earnings in perpetuity that aren’t subject to market fluctuations. Dividends could rise if post-listing market discipline spurs efficiency at LIC, but with such a thin slice of ownership going public, this effect will be muted

The war in Ukraine, soaring energy prices and the prospect of a return to cold war-like geopolitical rivalry have scared investors, sparking a selloff across asset classes and delays in fund-raising plans globally

LIC's brand value also climbed in overall global brand rankings by 32 places to become the world's 206th most valuable brand in 2021, from 238th slot in 2020.

Finance Minister Nirmala Sitharaman has already reviewed the progress of the proposed IPO of Life Insurance Corporation (LIC) in a meeting with top officials of the ministry.

Tuhin Kant Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) took to Twitter stating that the media conjectures "doubting the feasibility" of the state insurer this fiscal year "is not correct."

LIC's IPO requires vetting not only by SEBI (Securities and Exchange Board of India) but also the IRDAI (Insurance Regulatory and Development Authority of India that doesn't have a head for almost seven months.