Tag: LIC
17 Results
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Standalone results: LIC registers increase of 6.1 pc in Net Premium Income at Rs 4,27,419 crore
The Earnings Per share (EPS) for the financial year 2021-22 was Rs 6.39 per share.
May 31, 2022 -
Supreme Court refuses interim relief in LIC IPO matter, issues notice
A bench of Justices DY Chandrachud, Surya Kant, and PS Narasimha asked the Centre to file a reply on various petitions.
May 12, 2022 -
Fire in LIC suburban office, critical IT assets safe, no casualties
The Mumbai Fire Brigade, Mumbai Police and other agencies rushed to spot and are battling the conflagration in the midst of a semi-residential locality.
May 7, 2022 -
LIC IPO opens for subscription on May 4
The shares would be available at a price brand of Rs.902-949 per share.
May 2, 2022 -
LIC IPO: Anchor investor portion oversubscribed
According to sources, on the first day itself, the bids from the anchor investors or large investors are twice the size of the anchor book.
May 2, 2022 -
LIC IPO: Govt unlikely to reduce its stake for at least 2 years
Answering questions from prospective investors during roadshows top officials of LIC clarified that the Government of India does not have any plan of further dilution of its stake in the Corporation. Officials said the Corporation has sufficient capital for the next two years and won't require any funding support from the government.
April 6, 2022 -
LIC IPO slated for March
The government is counting on the sale of shares in LIC, which has the lion's share of the life insurance market in India,
January 27, 2022 -
CPI (M) editorial criticizes disinvestment of LIC shares through issuance of initial public offering (IPO)
The claim of profits for the government, which is the primary investor, is limited to just five per cent while 95 per cent
January 27, 2022 -
16 merchant bankers in race for managing LIC IPO
The government had earlier appointed actuarial firm Milliman Advisors LLP India to assess the embedded value of LIC ahead of the initial public offering
August 23, 2021 -
LIC to infuse equity capital worth Rs 2,334 in LIC Housing Finance
LIC's shareholding in the housing financier post the allotment of shares will go up to 45.24 per cent from over 40.31 per cent currently.
June 25, 2021 -
IPO-bound LIC warns against misuse of its iconic logo
The 65-year-old LIC, which is soon going for its IPO, has warned stringent legal or civil action against any person found misusing its official logo, in a post on Friday.
June 12, 2021 -
LIC’s holding at all time low on profit booking
According to Haldea, retail holding (individuals with up to Rs 2 lakh shareholding) in companies listed on NSE remained the same at 6.90 per cent as on March 31, 2021.
May 30, 2021 -
LIC employees to get over 25% wage hike
The AIIEA had submitted a charter demanding 40 per cent wage hike. In the last wage agreement, the hike given was 25 per cent on average.
April 16, 2021 -
LIC felicitated by Governor of Maharashtra for work during Covid-19 pandemic
During the pandemic, LIC rendered exceptional services to its policyholders and the society as a whole.
March 7, 2021 -
LIC of India launches new plan – LIC’s Bima Jyoti
This plan provides guaranteed lump sum payment at maturity and financial support to the family in case of unfortunate death of the policyholder during the policy term.
February 22, 2021 -
LIC of India introduces online proposal deposit collection in ANANDA
This feature was launched at the hands of LIC Chairman MR Kumar in the presence of Managing Directors TC Suseel Kumar, Vipin Anand, Mukesh Gupta and Raj Kumar on 05.01.2021.
January 6, 2021 -
LIC sells 2 pc stake in ICICI Bank over a period of Nov 27-Dec 2
Following the stake sale, LIC's holding in the bank has reduced to 6.74 per cent from 8.74 per cent earlier.
December 29, 2020