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......

Govt to take call on LIC IPO timing this week

The government is likely to take a call on the timing of LIC initial public offering within this week, a senior official said. The sale of 5 per cent stake or 31.6 crore shares in the country's......

Govt amends FEMA rules to allow 20% FDI in LIC

The government has amended rules of the Foreign Exchange Management Act (FEMA), paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC. The government is......

Govt to file final papers for LIC IPO with Sebi soon

The government is planning to soon file the final papers for LIC IPO with market regulator Sebi, which will provide details about the price band, discount for policyholders and retail buyers, and......