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Starting with an initial capital of Rs 5 crore, the life insurance company now has an asset base of Rs 31,96,214.81 crore

The authorised share capital of LIC shall be ₹25,000 crore divided into 2,500 crore shares of ₹10 each, as per the amendments proposed in the Life Insurance Corporation Act, 1956

Centre will reduce its stake to 75% from 100% through IPO

Run-up to LIC IPO: Government pushes for legislative changes to LIC Act by month-end March 04, 2021 IPO expected by FY22 Q3 The government is preparing the ground for the initial public offering of LIC by the third quarter of FY21-22. It is pushing for legislative approvals in the second leg of the Budget session starting March 8. “The task is not easy. Lot of work has to be done to meet the target of third quarter of FY21-22,” a senior official from DIPAM (Department of Investment and Publ...

The government will remain the majority shareholder and will continue to retain management control safeguarding the interest of policyholders, he said.

URL copied BPCL, Air India stake sale by September this year, LIC IPO after October  The initial public offering (IPO) of Indias largest insurance company LIC is likely after October this year, a top official said on Tuesday laying out the governments divestment calendar that includes completing the sale of flag carrier Air India and oil firm BPCL within the first half of the next fiscal. Targeting to raise Rs 1.75 lakh crore from the asset sale to finance projects aimed at reviving ...

The initial public offering of LIC may hit the market in the fourth quarter of next financial year, and the government has introduced amendments to the Life Insurance Corporation Act 1956 to facilitate this, Economic Affairs Secretary Tarun Bajaj said on Wednesday. As many as 27 amendments have been pushed through the Finance Bill 2021 tabled by Finance Minister Nirmala Sitharaman on Monday along with the Union Budget 2021-22. "Probably in the third or fourth quarter of next financial year, ...

LIC IPO May Hit Market in Fourth Quarter of Next Fiscal: DEA Secretary Tarun Bajaj FOLLOW US ON: The initial public offering of LIC may hit the market in the fourth quarter of next financial year, and the government has introduced amendments to the Life Insurance Corporation Act 1956 to facilitate this, Economic Affairs Secretary Tarun Bajaj said on Wednesday. As many as 27 amendments have been pushed through the Finance Bill 2021 tabled by Finance Minister Nirmala Sitharaman on Monday along wi...

BPCL, Air India stake sale by September; LIC IPO post October, says DIPAM Secretary Updated: Updated: Share Article Image for representational purpose only.   | Photo Credit: Reuters The initial public offering (IPO) of Indias largest insurance company LIC is likely after October this year, a top official said on Tuesday laying out the governments divestment calendar that includes completing the sale of flag carrier Air India and oil firm BPCL within the first half of the next fiscal. Targeti...

The initial public offering (IPO) of Indias largest insurance company LIC is likely after October this year, a top official said on Tuesday laying out the governments divestment calendar that includes completing the sale of flag carrier Air India and oil firm BPCL within the first half of the next fiscal. Targeting to raise Rs 1.75 lakh crore from the asset sale to finance projects aimed at reviving the pandemic battered economy, the government is also looking to sell Shipping Corp of India (...