• ABOUT
  • CONTACT
  • TEAM
  • TERMS & CONDITIONS
  • GUEST POSTS
Friday, July 4, 2025
  • Login
Economy India
No Result
View All Result
  • Home
  • Economy
  • Business
  • Companies
  • Finance
  • People
  • More
    • Insurance
    • Interview
    • Featured
    • Health
    • Technology
    • Entrepreneurship
    • Opinion
    • CSR
    • Stories
  • Home
  • Economy
  • Business
  • Companies
  • Finance
  • People
  • More
    • Insurance
    • Interview
    • Featured
    • Health
    • Technology
    • Entrepreneurship
    • Opinion
    • CSR
    • Stories
No Result
View All Result
Economy India
No Result
View All Result
Home Business

Government Unlikely To Reduce Its Stake In LIC For At Least 2 Years

by Economy India
April 6, 2022
Reading Time: 2 mins read
FEATURED IMAGE ECONOMY INDIA 1 1
0
SHARES
0
VIEWS
Share on FacebookShare on XShare on Linkedin

It has been reported that The Centre is unlikely to reduce its shareholding in Life Insurance Corporation of India (LIC) for at least 2 years following the insurer’s listing because such a move could affect returns for investors participating in the mega initial public offering (IPO).

The government’s stance was communicated to prospective investors during roadshows after many sought clarity on the Centre’s plan to lower its shareholding in the insurer to meet the minimum public shareholding norms, the report said.

ADVERTISEMENT

To clarify, the Centre maintained that it would not look at any equity dilution in the insurer for at least two years to avoid any downward pressure on LIC’s shares.

Investors were informed that the insurer had sufficient capital for the next two years.

The government was expecting to garner over ₹ 60,000 crores by selling about 31.6 crores or 5 percent stake in the life insurance firm to meet the curtailed disinvestment target of ₹ 78,000 crores in 2021-22, the report said.

Though, the government may consider a little more than the 5 percent stake at the LIC IPO.

Even at a 5 percent stake dilution, the LIC IPO would be the biggest ever in the history of the Indian stock market.

Once listed, LIC’s market valuation would be comparable to top companies like Reliance India Limited (RIL) and Tata Consultancy Services (TCS), the report said.

The government has time until May 12 to launch LIC’s IPO without filing fresh papers with the Securities and Exchange Board of India (SEBI). (Source: NDTV)

Tags: Initial Public Offering (IPO)LIC IPOLife Insurance Corp (LIC)
Economy India

Economy India

Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. It features news, views, interviews, articles on various subject matters related to the economy and business world.

Next Post
FEATURED IMAGE ECONOMY INDIA 1 1

AMRUT focuses on development of basic urban infrastructure in storm water drainage

Popular News

  • Gold Price Drops by Rs.31, Silver Falls by Rs.260 Per Kg

    Gold Price Rises by Rs 1,200 to Rs 98,670 per 10 Grams

    0 shares
    Share 0 Tweet 0
  • Monthly Review of Government of India’s Accounts up to FY 2025–26

    0 shares
    Share 0 Tweet 0
  • Indian Economy Remains a Major Engine of Global Growth: RBI Report

    0 shares
    Share 0 Tweet 0
  • Union Finance Minister Nirmala Sitharaman to Visit Spain, Portugal, and Brazil

    0 shares
    Share 0 Tweet 0
  • Innovation and Startup Funding Essential for Developed India: ASSOCHAM

    0 shares
    Share 0 Tweet 0
  • ABOUT
  • CONTACT
  • TEAM
  • TERMS & CONDITIONS
  • GUEST POSTS

Copyright © 2024 - Economy India | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Business
  • Companies
  • Finance
  • People
  • More
    • Insurance
    • Interview
    • Featured
    • Health
    • Technology
    • Entrepreneurship
    • Opinion
    • CSR
    • Stories

Copyright © 2024 - Economy India | All Rights Reserved