Highlights

  • Govt likely to sell 5% stake in insurer
  • Valuation for LIC remains unknown

Latest news

Putin ready to meet Trump 'anytime' to talk Ukraine deal

Putin ready to meet Trump 'anytime' to talk Ukraine deal

India to play Champions Trophy matches at neutral venue: ICC

India to play Champions Trophy matches at neutral venue: ICC

India's electric vehicle market to reach Rs 20 lakh crore by 2030, says Nitin Gadkari

India's electric vehicle market to reach Rs 20 lakh crore by 2030, says Nitin Gadkari

BJP MPs admitted in RML Hospital ICU with head injuries after scuffle with opposition

BJP MPs admitted in RML Hospital ICU with head injuries after scuffle with opposition

Ravichandran Ashwin's fun time with support staff reminisced by BCCI | Watch

Ravichandran Ashwin's fun time with support staff reminisced by BCCI | Watch

Mallya Calls for Justice Over Excess Debt Recovery and Legal Inconsistencies

Mallya Calls for Justice Over Excess Debt Recovery and Legal Inconsistencies

UK PM Keir Starmer hosts Indian business chiefs to boost investments

UK PM Keir Starmer hosts Indian business chiefs to boost investments

Parliament Protest Melee: Congress claims Kharge pushed, Rahul manhandled

Parliament Protest Melee: Congress claims Kharge pushed, Rahul manhandled

LIC IPO: DRHP likely this week, issue in March - here are all the details

Govt has has sharply reduced its asset-sale targets, raising questions about how much it plans to raise from LIC

LIC IPO: DRHP likely this week, issue in March - here are all the details

The mega insurer offering from the govt is set to hit the market soon. As per reports, the govt will file the DRHP for the LIC IPO by this week and the issue is likely to open for the public in March.

The embedded value of India's largest insurer is a topic of much debate. LIC is a Domestic Systemically Important Insurer and is touted to be valued at over $200 billion. Tha govt is expected to sell 5% stake.

Also read and watch: Next year's ITR to have separate column for crypto income

The disinvestment target of just Rs 65,000 next year and Rs 78,000 this year has raised question of how the IPO is being valued.

A knock-out listing could see LIC raise as much as $10 billion from the IPO with a minimum dilution of 5%. That would make it the third biggest globally involving an insurer.

ADVERTISEMENT

Up Next

LIC IPO: DRHP likely this week, issue in March - here are all the details

LIC IPO: DRHP likely this week, issue in March - here are all the details

Mallya Calls for Justice Over Excess Debt Recovery and Legal Inconsistencies

Mallya Calls for Justice Over Excess Debt Recovery and Legal Inconsistencies

UK PM Keir Starmer hosts Indian business chiefs to boost investments

UK PM Keir Starmer hosts Indian business chiefs to boost investments

Bangladesh Government Plans to Renegotiate Power Deal with Adani Power, Citing Unfair Terms

Bangladesh Government Plans to Renegotiate Power Deal with Adani Power, Citing Unfair Terms

New Zealand falls into recession with abrupt economic slowdown

New Zealand falls into recession with abrupt economic slowdown

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

ADVERTISEMENT

editorji-whatsApp

More videos

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

 Indian Markets Open Lower Amid Caution Ahead of U.S. Federal Reserve Meeting

Indian Markets Open Lower Amid Caution Ahead of U.S. Federal Reserve Meeting

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.