Govt to sell 3.5% stake in LIC, IPO to fetch Rs 21,000 crore

The government is likely to cut the size of the initial public offering of LIC to 3.5 per cent to raise around Rs 21,000 crore from the issue which would hit the capital markets in the first week......

Getting IPO-ready: LIC boosts shareholders' corpus to Rs 6,600 crore

Life Insurance Corporation of India (LIC) has increased the size of its shareholders’ fund to Rs 6,600 crore from Rs 100 crore in a bid to accommodate a larger shareholder base ahead of its......

It's official, govt will divest stake in LIC

The Union Cabinet has cleared disinvestment of the country's largest insurer LIC and a panel headed by the finance minister will now decide on the quantum of stake dilution, a senior official said......

10 merchant bankers to manage LIC IPO

The government has appointed 10 merchant bankers including Goldman Sachs (India) Securities, Citigroup Global Markets India, and Nomura Financial Advisory and Securities India to manage the mega......