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Govt to revamp LIC’s rules for surplus distribution to shareholders
About 5% of its surplus is allowed to be switched under a specific policy to the shareholder's fund by LIC.
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LIC IPO: Govt plans to raise Rs 20,000 crore from big investors
Market experts believe the mega IPO is estimated to be around Rs 1 lakh crore.
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LIC’s asset base breaches Rs 38 lakh crore mark: Report
LIC collected Rs 1.8 lakh crore in first-year premium from 2.1 crore fresh policies in FY21
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LIC IPO: ICICI Securities, J P Morgan Chase among 10 merchant bankers
The government is looking at ways to align the proposed share sale with necessary rules to make room for the foreign investors
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Ten banks selected by government to manage LIC IPO
From its privatisation programme in the current fiscal year, the government is planning to raise Rs 1.75 trillion
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Divestment in three PSUs to precede mega IPO of LIC
Mishra Dhatu Nigam, National Fertilisers and Rashtriya Chemical & Fertilizers are three PSUs in line
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Government mulls privatisation of one of three general insurance companies
Finance Minister Nirmala Sitharaman in her Budget address in February had said that one general insurance company, along with two public sector banks
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LIC IPO: Nine updates that you should know
To facilitate the mega IPO, the government significantly increased the authorised capital of LIC to Rs 25,000 crore from Rs 100 crore
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LIC IPO: Government invites bids to appoint merchant bankers
The government has invited bids from merchant bankers and legal advisors for advice to jumpstart the process of the mega IPO listing.
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Government to soon invite bids for managing LIC IPO
Multiple bankers with experience in managing large public offerings would be hired by the government and they would decide the size of the IPO
