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.

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…

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,…

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…

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