Govt expects LIC IPO to set the stage for wider reforms
The IPO of the country’s largest insurer is expected in the first week of May
The IPO of the country’s largest insurer is expected in the first week of May
This decision will have a cascading effect on the government’s listing plans for the other public sector enterprises
The union government is seeking around Rs. 50,000 crore next month from the IPO of state-owned insurance giant Life Insurance Corp. (LIC)
In February, the government filed the draft red herring prospectus (DRHP) with the regulator giving details of financial results till September
First year premiums during the third quarter surged 10% year-on-year to Rs. 8,748 crore. It was Rs.7,957 crore in the corresponding quarter of last year
Sitharaman has been holding post-budget discussions with industry, trade and financial market stakeholders.ht
Life Insurance Corporation of India’s (LIC) draft red herring prospectus (DRHP) has understandably garnered a lot of interest.