Business  /  Published 18.05.22

Little past comfort for LIC investors

Real estate giant DLF and food delivery startup Zomato sizzled on their listing days and held on to gains for months allowing investors to make an informed call on their money. As Pranav Haldea, mana...
By Sambit Saha, Pinak Ghosh in Calcutta

Business  /  Published 17.05.22

LIC: Shares close below issue price

There was no first-day “pop” for investors in Life Insurance Corp in India, India’s biggest-ever IPO, when it made its trading debut Tuesday after staging its record $2.7 billion off...
By Paran Balakrishnan

Business  /  Published 17.05.22

LIC debuts at 8.62% discount

The country's largest insurer LIC (Life Insurance Corporation) on Tuesday listed its shares at a discount of 8.11 per cent at Rs 872 per share on the NSE. On the BSE, the shares got listed at Rs ...
By Our Bureau, PTI in Mumbai

Business  /  Published 14.05.22

LIC shares to be issued at Rs 949

The government has fixed the issue price of LIC shares at Rs 949 apiece at the upper end of the IPO price band, ahead of the listing of the country’s largest insurer on May 17. However, LIC pol...
By PTI in New Delhi

Business  /  Published 13.05.22

Stay on LIC allotment rejected

The Supreme Court on Thursday refused to grant any interim relief and stay on the Life Insurance  Corporation’s IPO share allotment based on a batch of pleas filed by some policyholders.&nb...
By PTI in New Delhi


Business  /  Published 12.05.22

LIC IPO: SC refuses to grant relief

The Supreme Court on Thursday refused to grant any interim relief and stay the Life Insurance Corporation (LIC) IPO share allotment on a batch of pleas filed by some policy holders. A bench of Justic...
By Our Bureau, PTI in New Delhi

Business  /  Published 12.05.22

Confidential pre-filing of IPO papers likely

Sebi on Wednesday proposed allowing companies targeting stock market initial public offerings (IPOs) to submit a confidential “pre-filing" document, in an effort aimed at safeguarding their...
By PTI in Mumbai

Business  /  Published 11.05.22

BharatPe to claw back Grover shares

Bharat Pe has decided to claw back the restricted shares that were granted to former founder Ashneer Grover who was forced out of the payments startup in a boardroom coup precipitated by accusations o...
By Our Bureau in New Delhi

Business  /  Published 10.05.22

LIC issue oversubscribed 3X

The initial public offering (IPO) of Life Insurance Corporation of India closed for subscription on Monday, garnering demand of over Rs 45,000 crore. The issue was subscribed 2.95 times, with policyh...
By Our Special Correspondent in Mumbai

Business  /  Published 09.05.22

Rupee: further falls feared

The rupee slid to a fresh lifetime low against the US dollar on Monday as investors offloaded Indian stocks and other assets as part of a worldwide shift away from riskier emerging market holdings int...
By Paran Balakrishnan in New Delhi


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