LIC IPO may not be as colossal as is being hyped. Here is why
SECTIONS
Share
Synopsis
If LIC’s post-issue market capitalisation is estimated at Rs 8-10 lakh crore, then the issue size would have been Rs 80,000-1,00,000 crore as per the old rules, which can now come down to Rs 45,000-55,000 crore.
Agencies
Related
NEW DELHI: As the government lays the groundwork and readies to seek parliamentary approval to amend the LIC Act and facilitate the mega IPO of insurance behemoth Life Insurance Corporation, market regulator Sebi has just effected some changes in the Securities Contracts Regulations 1957 to help fast-track the issue.
On 5 March 2021 the Oil and Gas Authority (OGA) published a notification that it has received an application for a Carbon Dioxide Appraisal and Storage Licence in the Southern North Sea of the United Kingdom Continental Shelf.
Read more about Indian Bank to divest stake in asset reconstruction JV ASREC India on Business Standard. State-owned Indian Bank on Friday said it will divest stake in joint venture entity ASREC (India) Ltd as part of asset monetisation exercise.The bank holds a 38.26 per cent stake in ASREC (India) Ltd.As part of the monetisation of the bank s
Falklands: Rockhopper extends North Falkland Basin Petroleum Licences
05 Mar 2021
Rockhopper Exploration, the oil and gas exploration and production company with key interests in the North Falkland Basin, has announced that, following discussions between the joint venture partners,
Harbour Energy and the
North Falkland Basin Petroleum Licences, including the
Sea Lion Discovery Area, until 1 November 2022, with no additional licence commitments. The Licences were previously due to expire on 1 May 2021.
Samuel Moody, Chief Executive Officer, commented: The Company is grateful to the Falkland Islands Government for the extension of its North Falkland Basin licence interests and continued support of the Sea Lion project.
UK: Lightsource bp completes the sale of UK solar projects to renewable energy investment company NextEnergy Solar Fund
05 Mar 2021
Lightsource bp, a global leader in the development and management of solar energy projects, has announced the completion of the sale of 100MWp of UK solar projects to FTSE 250 renewable energy investment company
NextEnergy Solar Fund (NESF), for a total consideration of
£64.3 million.
The transaction consists of two 50MWp solar projects, one in Yorkshire and one in Nottinghamshire, one of which is already commissioned, and the second will reach connection in the first half of 2021. Both sites are being constructed using high-quality components and the latest bifacial module technology, to maximise generation and returns. Once operational, the combined installed capacity of the two sites will produce enough renewable electricity to power the equivalent of c.29,000 UK households per year and will increase NESF’s installed