Life Insurance Corp.

Government can exempt any listed PSU from minimum public holding

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Government can exempt any listed PSU from minimum public holding

The government can now exempt any listed public sector enterprise from the minimum public shareholding norm, which mandates at least 25% public float for all listed entities. The move comes as the government prepares for the initial public offer (IPO) of Life Insurance Corp (LIC) of India, likely to be the biggest listing ever. The … Read more

Government to hire Deloitte, SBI Caps to help LIC prepare for IPO

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Government to hire Deloitte, SBI Caps to help LIC prepare for IPO

By Siddhartha Singh India is poised to hire Deloitte Touche Tohmatsu India Ltd. and SBI Capital Markets Ltd. to help Life Insurance Corp. of India prepare for an initial share sale, people with knowledge of the matter said. The advisers will help evaluate the capital structure of India’s biggest insurer as well as aid the … Read more