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India said to prepare Rs 10,000 crore LIC stake sale next month
India is preparing to launch a new share sale for Life Insurance Corporation of India next month. This offering could bring in as much as Rs 10,000 crore. The government intends to sell a stake of approximately 2% to institutional investors. This move is part of ongoing efforts to increase public shareholding in the state-run insurer.
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newsbytesapp.com
LIC becomes India's most profitable public sector company
Life Insurance Corporation of India reported the highest profit in the Indian financial sector for the March quarter, surpassing State Bank of India and HDFC Bank.
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economictimes.indiatimes.com
LIC shares gain 6% in two sessions. Should you buy ahead of the 1:1 bonus issue?
LIC shares climbed 4% on Monday, extending gains for a second straight session and taking the two-day rally to 6%. The stock gained momentum after the insurer announced a 1:1…
