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Congress MP Manickam Tagore raises concern over LIC's policy restructuring
Updated : 1 year, 6 months ago IST
Congress MP Manickam Tagore on Monday informed that he has written to Union Finance Minister Nirmala Sitharaman expressing concerns on behalf of Life Insurance Corporation (LIC) agents and policyholders over the issue of recent policy restructuring.
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LIC increases its stake in IDFC First Bank to 2.68 per cent
Updated : 1 year, 11 months ago IST
The Life Insurance Corporation (LIC) of India has increased its stake in IDFC First Bank
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Centre grants one-time exemption to LIC to achieve 25% minimum public shar
Updated : 2 years, 5 months ago IST
The central government has granted a one-time exemption to Life Insurance Corporation of India (LIC) to achieve 25 per cent Minimum Public Shareholding (MPS) within 10 years since its listing on the exchanges.
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LIC's Q2 net profit slumps 50pc on lower premium income
Updated : 2 years, 6 months ago IST
The insurance major's net premium income fell 19 per cent to Rs 1.07 lakh crore in the said September quarter, against Rs 1.32 lakh crore in the year-ago period.
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LIC shares dip 2.5 per cent after 17 per cent decline in Q4 profit
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], May 31 (ANI): The share price of the state-run Life Insurance Corporation (LIC) of India slumped around 2.5 per cent on Tuesday, a day after the company announced 17.41 per cent decline in its net profit for the quarter ended March 2022.
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LIC net profit dips 17 per cent to Rs 2,409 crore in Q4
Updated : 4 years ago IST
New Delhi [India], May 30 (ANI): India's largest insurer Life Insurance Corporation (LIC) of India on Monday reported a consolidated net profit of Rs 2,409.39 crore for the quarter ended March 2022, down 17.41 per cent from Rs 2,917.33 crore recorded in the corresponding period of the previo
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LIC shares allotted at Rs 949 apiece; Govt mops up Rs 20,557 crore
Updated : 4 years ago IST
New Delhi [India], May 13 (ANI): Life Insurance Corporation (LIC) of India shares have been allotted to the eligible bidders of the initial public offering (IPO) at Rs 949 apiece, the upper end of the IPO price band.
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Grey market indicates LIC shares may list below its issue price
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], May 11 (ANI): Grey market premium of Life Insurance Corporation (LIC) shares turned negative on Wednesday indicating that the company may list on the stock exchanges below its issue price.
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Ahead of IPO launch, LIC to hold press conference today
Updated : 4 years, 1 month ago IST
New Delhi [India], April 29 (ANI): Ahead of the Life Insurance Corporation of India's forthcoming Initial Public Offering (IPO), India's largest ever IPO, on May 4, the LIC is set to hold a press conference here on Friday.
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CPI(M) opposes LIC IPO, calls it step towards 'destruction' of firm's publ
Updated : 4 years, 1 month ago IST
New Delhi [India], April 28 (ANI): The Polit Bureau of the Communist Party of India (Marxist) has firmly opposed the manner in which the Central Government has initiated the Initial Public Offer (IPO) of the Life Insurance Corporation (LIC) saying that it is a step towards the destruction of
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LIC IPO price band at Rs 902-949 per share; offer opens on May 4
Updated : 4 years, 1 month ago IST
New Delhi [India], April 27 (ANI): Life Insurance Corporation (LIC) has set its price band for the Initial Public Offer (IPO) at Rs 902 to Rs 949 per equity share. The public offer starts on May 4 and will remain open for bidders till May 9, Department of Investment and Public Asset Manag
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Govt unlikely to reduce its stake in LIC for at least 2 years after IPO
Updated : 4 years, 1 month ago IST
New Delhi [India], April 6 (ANI): The Government of India, which targets to raise around Rs 60,000 crore by diluting its 5 per cent stake in Life Insurance Corporation (LIC) of India through an IPO, is unlikely to further reduce its stake in the insurer for at least the next two years.
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