The Cabinet approved on Saturday a policy amendment allowing foreign direct investment of up to 20% in Life Insurance Corp of India (LIC), a government source said, a change aimed at easing the listing of the state-run insurer. India’s biggest insurance company plans to float a stake of 5% to raise about $8 billion next … Read more
The founders Yashish Dahiya and Alok Bansal are together selling 2.3% of their stake into the Company. Key points to note – After sale, the founders’ cumulative stake will reduce from 10.33 % to 8.01% percent on a fully diluted basis. Sale will be executed on February 11, 2022 through block deal. Expected realisation from … Read more
Markets regulator Sebi on Tuesday decided to put a cap on IPO proceeds earmarked for making future acquisition of unspecified targets and will bring under monitoring the funds reserved for general corporate purposes. The regulator has prescribed certain conditions for selling shares in an Offer-for-Sale (OFS) under IPO by significant shareholders and has extended anchor … Read more
The Assets Under Management (AUMs) of the IPO-bound Life Insurance Corporation of India (LIC) more than doubled to ₹36.7 trillion on a standalone basis in FY21 from ₹16.18 trillion in the previous year, according to officials privy to presentations made to potential investors. AUMs comprise investments made by the behemoth and assets held to cover … Read more
The government is unlikely to come up with the IPO of Life Insurance Corporation (LIC) in the current financial year ending March 2022, as the valuation of the state-owned behemoth is taking more than anticipated time, and the preparatory work is still far from complete. There are still some issues that need to be addressed … Read more
Flipkart’s initial public offering (IPO) is on the cards but there is no timeline for it, said Brett Biggs, executive vice president and chief financial officer of Walmart, the American retailer that owns the Indian e-commerce firm “The (Flipkart) business is performing almost exactly like we thought it would. An IPO is still very much … Read more
The Company’s board approves to go for IPO of JK Files & Engineering Limited (JKFE). Key points to note – JKFE is into steel files and tools business. The proposed IPO is of Rs 800 crore and is entirely offer for sale. No fresh money is expected to come into the Company. Raymond currently owns … Read more
One of the greatest dilemmas in recent times.
The Rs 600-crore initial public offering (IPO) for , a data and analytics consulting company, was subscribed 339 times, making it the most subscribed IPO ever in India. The previous best was 304 times subscription for Paras Defence’s IPO, which was listed on October 1. The institutional part of Latent View’s IPO was subscribed 151 … Read more