Life Insurance Corporation of India IPO only after 3 other PSU selloffs

Life Insurance Corporation of India IPO only after 3 other PSU selloffs

The government is looking to complete at least three public sector disinvestment transactions before rolling out the mega initial public offer (IPO) of Life Insurance Corporation of India early next year, a finance ministry official said. At least three firms – National Fertilisers Ltd, Mishra Dhatu Nigam Ltd and Rashtriya Chemical & Fertilizers Ltd – … Read more

Government to sell 1.95% stake in Axis Bank to raise Rs 4,000 cr

Government to sell 1.95% stake in Axis Bank to raise Rs 4,000 cr

MUMBAI: The central government is selling up to 5.81 crore shares or a 1.95% stake in Axis Bank, held via the Specified Undertaking of the Unit Trust of India (SUUTI) to raise around Rs 4,000 crore. Shares are sold through the offer for sale (OFS) route. The OFS will open for non-retail investors on Wednesday … Read more