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LIC shares drop 4% on Rs 10,000 crore govt stake sale buzz
LIC shares fell as much as 4% on Wednesday after a report said the government may begin formal marketing next month for a proposed stake sale worth up to Rs 10,000 crore. According to Bloomberg, the Centre plans to sell around a 2% stake in the insurer in late June or early July, with DIPAM working alongside investment bankers on the transaction.
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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…
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LIC hikes stake in Central Bank of India to 6.06%
State-owned insurer Life Insurance Corporation (LIC) has hiked its stake in Central Bank of India to 6.06 per cent, from 3.16 per cent earlier.In a disclosure to stock exchanges,…
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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…
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thehindubusinessline.com
Govt prepares ₹10,000 crore LIC stake sale next month
The government plans to sell a stake of about 2% in the state-run insurer in late June or early July to institutional investors, sources said
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LIC shares drop 4% on Rs 10,000 crore govt stake sale buzz
LIC shares fell as much as 4% on Wednesday after a report said the government may begin formal marketing next month for a proposed stake sale worth up to Rs 10,000 crore.…
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Govt plans up to 2% LIC stake sale, may raise Rs 10,000 crore
The government plans to sell up to a 2% stake in LIC, potentially raising Rs 10,000 crore. This move aims to deepen public shareholding amid improving profitability. The stake…
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newsbytesapp.com
Why LIC shares are down 50% today
LIC shares witnessed a sharp 50% drop in early trade as the stock turned ex-bonus, reflecting adjustments for the recently announced 1:1 bonus share issue.