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LIC shares tumble in market debut after record IPO

May 18, 2022

LIC shares tumble in market debut after record IPO

LIC now has a market value of around Rs 5.54 lakh crore rupees ($71.54 billion) and is India's fifth-biggest company.

May 12, 2022
SC declines to grant interim relief in challenge to the LIC IPO

A bunch of policy holders had moved the apex court alleging violation of the LIC Act.
May 11, 2022
SC moved against LIC IPO, seeks scrapping of process

The writ petition was filed by policyholders, said Thomas Franco Rajendra Dev, Joint Convenor of NGO People First and the case is listed for Thursday.
May 06, 2022
LIC IPO fully subscribed on day 2; offer closes on May 9

Against 16,20,78,067 shares on offer, 16,68,60,765 bids were received – translating into a subscription of 1.03 times, as per data on stock exchanges as of 7 pm.
April 30, 2022
LIC will continue as a govt entity, assures Chairman | Interview

In conversation with Manorama, state-owned insurance and investment firm's chairman M R Kumar opined that there is no point in waiting indefinitely despite unpredictable market conditions.
April 29, 2022
LIC IPO: No discount if policy was bought after Feb 13

Only those who have bought their policy on or before February 13 will be eligible for the policyholder discount. They will get a discount of Rs 60 on each share.
March 16, 2022
Setting aside differences, LDF and UDF unite to fight sale of LIC shares

The resolution said that LIC was one of the biggest insurance companies in the world in terms of the number of policies and the efficiency in settling claims.

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