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The government is considering allowing foreign direct investment (FDI) in Life Insurance Corporation of India (LIC) ahead of the mega initial public offering (IPO). The move will enable overseas investors to buy stakes in the government-owned insurance company.
ET Markets RadioTune in now for Markets news, views & cues ETMarkets Morning Podcast (ETMarkets.com) 05:01 Min | July 05, 2021, 9:10 AM IST Tune in as we tell you what's happening in the market, what's making news this morning, and look at some of the buzzing stocks. Tags Transcript Hi there, Good Morning. Welcome to ETMarkets Morning podcast, the show about money, business and markets. I am Sabari Saran. Let's start with the headlines first Analysts expect market to remain stable, see Nifty support at 15,600 Govt likely to seek iBankers’ bid for LIC IPO this month Saudi-UAE standoff at Ope...
LIC IPO: Govt likely to invite bids from merchant bankers this month SECTIONS Last Updated: Jul 04, 2021, 02:20 PM IST Share Synopsis The government is likely to invite bids from merchant bankers this month for managing LIC disinvestment as it moves ahead with plans to launch the IPO by January, an official said. The Department of Investment and Public Asset Management (DIPAM) had in January appointed actuarial firm Milliman Advisors LLP India to assess the embedded value of LIC ahead of the IPO, which is touted to be the biggest public issue in Indian corporate history. Agencies Related The ...
LIC IPO: Centre may invite bids from merchant bankers this month The Department of Investment and Public Asset Management (DIPAM) had in January appointed actuarial firm Milliman Advisors LLP India to assess the embedded value of LIC ahead of the IPO LIC IPO is touted to be the biggest public issue in Indian corporate history PTI Updated Jul 04, 2021, 11:39 AM IST The government is likely to invite bids from merchant bankers this month for managing LIC disinvestment as it moves ahead with plans to launch the IPO by January, an official said. The Department of Investment and Public Asse...
Read more about Govt extends M R Kumar's term as LIC chairman till March 13, 2022 on Business Standard. Kumar's term as LIC chairman was supposed to end on June 30, 2021, but the center has extended his term by almost nine more months till March 13, 2022.