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.