Search results
Results from the WOW.Com Content Network
NEW DELHI (Reuters) -Foreign institutional investors (FIIs) have some concerns about Life Insurance Corp's (LIC) IPO but global pension funds have "good interest" in the Indian state-run insurance ...
With millions of policyholders and a share of 66% of new premium collections in a crowded insurance market, LIC is a household name, managing assets of more than $450 billion.
LIC, the country's biggest insurance company, is planning to float a 5% stake to raise about $8 billion next month, which could make it India's largest initial public offering (IPO) by far.
Finance Minister Nirmala Sitharaman announced a proposal for an initial public offering (IPO) for the Life Insurance Corporation of India (LIC) in the 2021 Union budget of India. [12] The IPO was expected to occur in 2022, and the Government of India planned to remain the majority shareholder post-listing, with 10% of shares proposed to be ...
The successful prediction of a stock's future price could yield significant profit. The efficient market hypothesis suggests that stock prices reflect all currently available information and any price changes that are not based on newly revealed information thus are inherently unpredictable. Others disagree and those with this viewpoint possess ...
The IDBI Bank Limited (IDBI Bank or IDBI) is a Scheduled Commercial Bank under the ownership of Life Insurance Corporation of India (LIC) and Government of India.It was established by Government of India as a wholly owned subsidiary of Reserve Bank of India in 1964 as Industrial Development Bank of India, a Development Finance Institution, which provided financial services to industrial sector.
Underwritten by Bear Stearns on 13 November 1998, the IPO was priced at $9 per share. The share price quickly increased 1,000% on the opening day of trading, to a high of $97. Selling pressure from institutional flipping eventually drove the stock back down, and it closed the day at $63.
In 1957, Mundhra got the government-owned Life Insurance Corporation (LIC) to invest Rs. 12.4 million (about US$3.2 million at the time) in the shares of six troubled companies in which Mundhra held a large number of shares which he was trying to boost by rigging the market: Richardson Cruddas, Jessops & Company, Smith Stanistreet, Osler Lamps ...