India LIC IPO
LIC net profits surges by 39.4% in full-year 2021
This is despite a fall of 18% in profits in the fourth quarter.
LIC net profits surges by 39.4% in full-year 2021
This is despite a fall of 18% in profits in the fourth quarter.
LIC closes IPO with nearly three-fold oversubscription
The IPO of a 3.5% stake is now India’s biggest.
India’s LIC IPO subscribed 67% on first day
The $2.7b IPO is India’s biggest public issue.
India slashes LIC IPO to 3.5%
The IPO was initially set at 5%.
India central bank hints on possible delay of $8b LIC IPO
Several current events may have factored in on the delay.
India approves 20% FDI for LIC $8b IPO—report
IPO is set to launch in March.
LIC prospective investors wary of govt’ meddling in the insurer
The insurer was frequently tapped to save struggling financial firms.
LIC embedded value soars to $72b in just six months
The jump in value was attributed to splitting of policyholders funds.
India state-run LIC files $8b IPO papers
India’s biggest life insurer plans to sell 5% of its shares.
Lack of ‘political will’ won’t delay LIC IPO: Nirmala Sitharaman
India’s finance minister said they plan to finish the IPO by March.
India to block Chinese investors from LIC’s $109b IPO: report
The IPO is considered to be the biggest one yet for India.
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1. 25% of employers to enhance insurance coverage in the next two years 2. Allianz Partners collaborates with MoneyHero for travel insurance 3. Natural disasters steer Asia Pacific towards parametric insurance 4. MAS slaps 12-year ban on ex-Manulife rep for cheating 5. AXA Mandiri’s Shariah insurance fosters mutual assistance amongst participantsAwards
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