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LIC shares News

13 Jun 2022

LIC shares reach a new low, investors lose Rs 1.64 lakh crore

LIC share price has plummeted since its initial public offering on May 17. The stock is down roughly 28% from its initial public offering (IPO) price of Rs 949.

17 May 2022

LIC's falls on exchange debut: Here's what analysts have to say

The Indian insurance major listed on the stock exchanges at a discount of over 8 per cent at Rs 867. The long-awaited Initial Public Offering (IPO) for the LIC was open for subscription till May 9. The IPO valued LIC at Rs 6 lakh crore.

09 May 2022

India's largest IPO, for insurer LIC, oversubscribed 2.95 times

The government expects to raise up to $2.7 billion. Investors bid for 478.4 million shares compared with the total 162.1 million on offer. The price range for the issue has been set between 902 and 949 rupees per share and LIC is likely to be listed on May 17.

03 May 2022

LIC IPO, India’s biggest IPO opens on May 4: Key things to know

The price band for the LIC IPO has been set at Rs 902 to Rs 949 per equity share by the government.

04 May 2022

LIC IPO sees 'excellent' response from anchor investors

The LIC share sale would be the biggest ever amount raised through an initial public offering in the Indian stock market. Up to 15,81,249 shares and 2,21,37,492 shares are reserved for employees and policyholders. LIC would start trading on the stock exchanges on May 17.

04 May 2022

LIC IPO to list on Indian stock exchange on May 17; Check important dates

Retail investors will be able to apply on May 4. The issuance will open on May 2 for anchor investors. A 10% quota has been allocated to policyholders in the offering.

29 Apr 2022

LIC IPO price, date, lot size and more: All you need to know

According to the red herring prospectus, the IPO will include an offer for sale of 22.13 crore equity shares at a price of Rs 902-949 each.

21 Feb 2022

Profits of insurers, manufacturing firms cannot be compared, says LIC chief

Going forward, Kumar said the surplus distribution pattern is going to change. The company's focus on non-participating (non-par) products are going to improve profitability further, he said, adding that profit for life insurance companies comes from policies sold. LIC's share capital was raised from Rs 100 crore to Rs 6,325 crore during September last year to help facilitate the IPO.

13 Feb 2022

LIC IPO DRHP filed with SEBI: Here’s all you need to know

The government plans to sell 316,249,885 equity shares with a face value of Rs 10 each in a public offering that will take place before the end of the current fiscal year in March. A week ago, the LIC's embedded value was set at more than Rs 5 lakh crore.

04 Sep 2017

LIC sells over 2% in Bank of Baroda in open market sale

Calculated on a previous close of Rs 138.30 a share on September 1, the valuation of the stake sale by LIC in Bank of Baroda comes out to be Rs 649.74 crore.

LIC Housing Finance

15 Jul 2016

LIC Housing Finance Q1 profit rises 6% to Rs 407 crore

LIC Housing Finance has reported a 6.3 percent increase in standalone net profit at Rs 407.84 crore for first quarter ended June.

06 May 2015

LIC acquires NMDC shares worth over Rs 1,116 cr

State-owned iron ore miner NMDC on Wednesday said Life Insurance Corporation of India (LIC) has acquired almost 8 crore of its shares shares worth over Rs 1,116 crore in a market purchase.

Life Insurance Corporation

13 Apr 2015

LIC sells about 2% stake in Tata Communications

State-owned Life Insurance Corporation (LIC) brought down its stake in Tata Communications by about 2.03 percent in the company through open market transaction.

05 Feb 2015

UCO Bank to raise about Rs 400 cr by selling shares to LIC

LIC currently holds 8.69 percent stake in UCO Bank. Following the fresh investment, stake of LIC would further go up by more than 5 percent.

Life Insurance Corporation

29 Jan 2015

LIC reduces stake in Colgate-Palmolive to 2.98%

State-owned Life Insurance Corporation (LIC) has cut 2.03 percent stake in FMCG firm Colgate-Palmolive to bring down its shareholding in the company at 2.98 percent after selling 27.60 lakh shares in the open market.

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