Lic Divestment

• 

  Meet SEBI's New Chairman Tuhin Kanta Pandey: Key Behind Air India Sale, LIC Listing

  – Tuhin Kanta Pandey is an IAS officer from the 1987 batch of the Odisha cadre. He was appointed as the finance secretary in September 2024. He is also the longest-serving divestment secretary.

• 

  Post LIC, India Weighs Selling Part Of BPCL Instead Of Full Stake: Report

  India is considering selling up to a quarter of state-run refiner Bharat Petroleum Corp Ltd (BPCL) after failing to attract suitors for the whole firm, two officials said, as the government's divestment programme moves slower than expected.

• 

  LIC's Public Offer Subscribed 1.79 Times On 5th Day Of Issue: 10 Points

  The initial public offer (IPO) of Life Insurance Corporation (LIC) was subscribed 1.79 times on the fifth day of subscription on Sunday, May 8, 2022. Government plans to raise Rs 21,000 crore through the public issue and the insurance behemoth has unleashed a major awareness blitzkrieg, exhorting policy holders, employees as well as the general pub...

• 

  All We Know About The LIC IPO So Far

  If LIC's IPO is delayed, it would send the government's divestment revenue in this financial year to over a decade low.

• 

  LIC IPO Filed With Market Regulator, Hopes To Sell 5% Equity Stake

  According to sources, the public offer is expected to hit the capital market in March

• 

  LIC, India's Biggest-Ever IPO, To Open Mid-March: What We Know So Far

  Woefully short of its disinvestment target for the current fiscal (2021-22), which is a humungous Rs 1.75 lakh crore, government is keen to push the countrys biggest ever public offering of Life Insurance Corporation of India (LIC), through which it is looking to raise anything between Rs 50,000 crore to Rs 90,000 crore, as per the initial public o...

• 

  Will Seek Cabinet Nod Soon On Revised FDI Policy To Fast Track LIC Divestment, Says DPIIT Secretary

  DPIIT will soon approach the Cabinet for seeking its approval on changes in FDI policy for fast tracking LIC's disinvestment

• 

  LIC To File Draft Initial Public Offer Papers With SEBI In November

  Life Insurance Corporation is likely to file draft papers with Securities and Exchange Board of India (SEBI) by November

• 

  Cabinet Clears LIC Disinvestment; Finance Minister-Led Panel To Decide Quantum Of Stake Sale

  The modalities of LIC's initial public offering such as issue size, pricing and timing will be decided by a panel headed by Finance Minister Nirmala Sitharaman

• 

  Government To Sell Stake In Life Insurance Corporation Via IPO

  The government has set a divestment target of Rs 2.1 lakh crore for FY21 compared with Rs 1.05 lakh crore target for the ongoing financial year. The

• 

  Next Fiscal Divestment Targets to be Set at 'Realistic Levels': Report

  Plagued by poor investor appetite for state-owned assets, the government was likely to scale back its revenue targets from planned divestments, following already huge shortfalls from planned asset sales in recent years.

• 

  LIC Big Market Player, Not Only to Bailout Divestment: Arun Jaitley

  He also dismissed suggestions that it was LIC which was bailing out disinvestments and said the state-run insurer invests in public sector issues just like the public offers from the private sector.

• 

  List Indian Railways, LIC Under Divestment Programme: ANMI

  ANMI said that disinvestment of PSUs will provide more investment options.

• LIC Says Ready to Buy Shares in Government Divestment Programme

  The life insurance giant has set a Rs 55,000 crore for equity market investments for the current fiscal 2014-15. This is, however, less than a record high of Rs 61,000 crore it had pumped into markets in 2010.

• Cabinet Ratifies 4.66% Stake Sale in BHEL: Report

  The Finance Ministry in March had sold 4.66 per cent stake in the state-owned company to Life Insurance Corporation (LIC) for about Rs 1,889 crore.