LIC
Top institutional investor LIC buys stake in Nippon Life AMC
Shareholder data as of December show Life Insurance Corporation (LIC) holds 90,62,231 shares, or a 1.48 per cent stake, in the company.
How LIC made a killing with its equity strategy
Indian equity markets plunged over 40 per cent from January highs to a four-year low on March 24 when a nationwide lockdown triggered a panic that earnings would collapse as businesses shuttered. Foreign investors, mutual funds and individual retail investors fled in March and April fearing the worst.
FinMin appoints Milliman Advisors for valuing LIC pre-IPO
The firm was chosen from three in the race including EY Actuarial Services and Willis Towers Watson Actuarial Advisory.
LIC sells 2% stake in ICICI Bank
The insurer sold 13.8 crore shares, representing 2.002% stake of ICICI Bank, over a period of November 27 to December 24, 2020, the bank said in a regulatory filing.
Bhagyalakshmi scheme: LIC seeks continuity as Karnataka ropes in India Post
With interest rates softening and the economy running into a downspin, LIC had conveyed its inability to give 1 lakh on the initial investment. The government went through the issue, and in October the Cabinet decided to implement the Bhagyalakshmi scheme on the lines of the Centre’s Sukanya Samriddhi scheme, this time with the help of India Post.
LIC IPO: EY, Milliman and Willis Towers Watson in race for actuarial firm appointment
The firms have made presentations to the government on Thursday, following which financial bids have been opened.
Canara Bank raises Rs 2,000 cr via QIP; LIC largest investor
LIC emerged as the largest investor in the bank's qualified institutional placement (QIP) issue.
LIC IPO: Dipam extends deadline for bids to appoint actuarial firm
Taking the next step towards the public listing of the country’s largest public insurer, the Department of Investment and Public Asset Management had floated an request for proposals (RFP) last month. Last date for applicants was earlier set at December 8.
BSE-NSE bulk deals: Blackrock Emerging Market Fund sells nearly 48 lakh shares of LIC Housing Finance
Blackrock Emerging Market Fund Inc sold over 47.79 lakh shares of LIC Housing Finance at Rs 329.18 per share. On the other hand, Integrated Core Strategies (Asia) Pte bought over 58.78 lakh shares at Rs 330.17 per share of the company.
Up 400% in two years, one of Damani's favourite unlisted bets spinning money
RK Damani held 2.39 per cent (73,69,263 shares) of the company as of March 31, 2019. His shareholding increased by 55 basis points to 2.94 per cent (90,69,263 shares) as of March 31, 2020.
LIC raises stake to 5.27% in IRB Infrastructure Developers Ltd
Recently, the company had announced that Yedeshi Aurangabad BOT Project implemented by Yedeshi Aurangabad Tollway Limited ("SPY") which is now part of IRB Infrastructure Trust - Private InvIT had been issued a Completion Certificate by the Competent Authority.
Stock market news: LIC Housing Finance shares climbs over 2%
A total of 147,485 shares changed hands on the counter till 11:57AM (IST).
LIC keen to divest its stake in IDBI Bank: Report
Life Insurance Corporation had a 51 per cent stake in the bank as of September 30, while the government had 47.11 per cent.
Rakesh Jhunjhunwala, LIC hiked stake in this pharma company in Q2
Total holdings of mutual fund houses in the company also increased to 12.58 per cent from 11.94 per cent on a quarter-on-quarter basis, data available with BSE showed on Tuesday.
LIC Housing sees record monthly disbursals in Sept
In July, the mortgage lender had slashed home loan rates to an all-time low interest rate of 6.9 per cent for home loan borrowers.
