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Market experts say that promoters offloading a small stake should not raise alarm bells, but if they have been paring their stake continuously over the years, then it does warrant a closer look.
LIC’s road to the IPO : Rashtra News #LICs #road #IPO The Government, which owns 100% of LIC, will be offloading 5% of its stake through the IPO The Government, which owns 100% of LIC, will be offloading 5% of its stake through the IPO The Life Insurance Corporation of India (LIC) filed its draft
While FY24 saw firms from varied sectors tapping the IPO market, BFSI had a limited presence, with just Rs 9,655 crore being raised by companies from this sector. This accounts for about 18% of the total IPO fundraising, compared with 51% in FY23.
Finance Minister Nirmala Sitharaman today said that the there were gaps in the internal systems of the Life Insurance Corporation (LIC) before the public sector company's IPO.
The market value of LIVe has spiked by $30 billion over the last 10 months, with its shares climbing 1.9 percent on Tuesday.