[ad_1] LIC Mutual Fund has started the process of absorption IDBI Mutual Fund After two attempts to find buyers for mutual funds failed to meet regulatory norms. IDBI MF promoted by IDBI Bank had to either be sold or merged with LIC MF, as under SEBI rules, a promoter cannot hold more than 10% stake […]
Changes in AMFI: Adani Power may soon get the tag of largecap; LIC, HAL also in race
[ad_1] Amfi’s upcoming list of stock classifications is due, which will take into account the January-June 2022 data, a period that saw record FPI outflows and high volatility on Dalal Street. ICICI Securities believes that the types of stocks that will upgrade from small to midcap and midcap to largecap category do not indicate a […]
LIC news: LIC seeks buyers for Rs 3,400 crore RCAP bonds
[ad_1] Mumbai: (LIC) is looking for buyers for safe bond Valued at ₹3,400 crore issued by Reliance Capitalcurrently running bankruptcy Proceedings, in an attempt to present someone a clean book investor base that has widened in recent times IPOTwo people said to be aware of the development. IDBI Capital Markets (IDBI Caps), the process advisor […]
LIC IPO: $17 billion loss puts LIC IPO among top money losers in Asia
[ad_1] A massive $17 billion drop in market value has made Life Insurance Corporation of India one of the biggest wealth destroyers in Asia’s initial public offerings this year. India’s biggest IPO of all time ranks second in terms of loss of market capitalization since listing, after a 29% drop since the beginning of May […]
LIC: Anchor lock-in ends today may put pressure on LIC shares
[ad_1] Mumbai: shares of life insurance corporation () is likely to remain under pressure this week as the 30-day lock-in for anchor investors ends on Monday. The stock has fallen a quarter from its IPO price so far. Anchor investors, who collectively bought about 59.3 million shares Open for subscription IPO a day earlier at […]