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The Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai.It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹ 52.52 trillion (US$610 billion) as of March 2024. [4]
Life Insurance Corporation of India is the largest non-promoter shareholder in the company with 10.03% shareholding. [28] In August 2017, the GOI divested further its 5% stake in NTPC through OFS (Stock Exchange Mechanism) and reduced the holding of GOI in NTPC to 5,76,83,41,760 shares i.e. 64.96% out of total 8,24,54,64,400 shares.
Cross ownership also refers to a type of media ownership in which one type of communications (say a newspaper) owns or is the sister company of another type of medium (such as a radio or TV station).
In 2012, BLPL (Bright Lifecare Private Limited) started a digital health platform called HealthkartPlus. [6] In 2015, Healthkart Plus separated from BLPL to form 1MG Technologies Private Limited. [7] Healthkart continued as a platform for fitness and health products; 1mg was a generic drug search business. [8]
This government-led industrial policy, with corresponding restrictions on private enterprise, was the dominant pattern of Indian economic development until the 1991 Indian economic crisis. [15] After the crisis, the government began divesting its ownership of several PSUs to raise capital and privatize companies facing poor financial ...
LIC Housing Finance Limited (LIC HFL) is the largest Housing Finance Company in India, with a registered corporate office in Mumbai.It is a deposit taking housing finance company, and it is a subsidiary of LIC, mainly providing long-term financing to people who purchase or construct residential houses or flats.
Tracking stock, also known as letter stock and targeted stock, [1] is a specialized equity offering issued by a company that is based on the operations of a defined business within the larger organization (such as, for instance, a wholly owned subsidiary of a diversified firm).
The shareholding pattern of the Company in FY 2021-22 is as below: [2] Promoters/Shareholders Percentage of Shareholding No.of shares Generali Participations Netherlands NV 50.506% 45,69,79,797 Future Enterprises Limited 0.506% 45,81,946 Shendra Advisory Services Private Limited 48.988% 443,241,962 TOTAL 100% 904,803,705