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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 sale is likely in late June or early July. Merchant bankers were appointed last year. This divestment will help meet the government's asset monetisation target.
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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,…
