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LIC IPO Listing: Life Insurance Corporation's (LIC) much-awaited initial public offering (IPO), India's biggest-ever listing, turned into a dull affair. The insurance company's shares were about 0.9% higher from their lacklustre debut close. ....
Live updates | LIC IPO Subscription Status: Initial Public Offering of Life Insurance Corporation of India's (LIC) was subscribed 1.79 times on Sunday on Day 5 ....
LIC chairman M R Kumar. File | Photo Credit: Vivek Bendre The govt has approved the proposal of the Department of Financial Services for extending the term of M.R. Kumar from June 30, 2021 till March 13, 2022 The government has given a nine-month extension to LIC Chairman M.R. Kumar till March next year in view of the insurer’s proposed initial public offer towards the end of the current fiscal. In her Budget Speech 2021, Finance Minister Nirmala Sitharaman said the Initial Public Offer (IPO) of LIC would be floated in 2021-22 as part of the ambitious ₹1.75 lakh crore disinvestment target. The government has approved the proposal of the Department of Financial Services for extending the term of Mr. Kumar from June 30, 2021 till March 13, 2022, the date when he completes three years, sources said. ....
LIC IPO: Here's all you need to know about launch date, targets and other details - In her speech during the budget, Finance Minister Nirmala Sitharaman suggested that the LIC IPO would be launched in the financial year 2021-2022. ....