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Tag: Insurance Company

LIC Listing
LIC disappoints, lists at a discount of 8 per cent at Rs 908

The initial public offering of LIC had, however, received robust response from investors as the insurance major's offer has been subscribed 2.89 times.

IRDAI
Insurers need not file paper returns relating to actuarial/reinsurance: IRDAI

In a step to reduce filing hardcopies of various actuarial returns, the Indian insurance regulator on Wednesday said that insurers will file them in a digital format.

LIC IPO Day 5: Overall issue subscribed 1.79 times
LIC IPO Day 5: Overall issue subscribed 1.79 times

Though the government has brought down the issue size from 5 per cent to 3.5 per cent, it is a landmark public issue in the history of the Indian capital market and is poised to be India's biggest IPO till date.

LIC IPO Day 4: NII segment fully subscribed; overall issue oversubscribed
LIC IPO Day 4: NII segment fully subscribed; overall issue oversubscribed

The long-awaited IPO of LIC will remain open for subscription till May 9.

LIC IPO Day 3: QIB sees halfway mark, NII subscribed 76%, overall issue 1.38 times
LIC IPO Day 3: QIB sees halfway mark, NII subscribed 76%, overall issue 1.38 times

It will be a landmark public issue in the history of the Indian capital market and is poised to be India's biggest IPO till date.

LIC IPO fully subscribed on day 2; offer closes on May 9
LIC IPO fully subscribed on day 2; offer closes on May 9

LIC has fixed the price band at Rs 902-949 per equity share for the issue. The offer includes a reservation for eligible employees and policyholders. The retail investors and eligible employees will get a discount of Rs 45 per equity share, while policyholders will get a discount of Rs 60 per share.

LIC fixes price band at Rs 902-949 a share for Rs 21,000 cr IPO
LIC fixes price band at Rs 902-949 a share for Rs 21,000 cr IPO

LIC's embedded value, which is a measure of the consolidated shareholders value in an insurance company, was pegged at about Rs 5.4 lakh crore as of September 30, 2021, by international actuarial firm Milliman Advisors.

hdfc-bank
HDFC to acquire 51% stake in Apollo Munich Health Insurance

Mumbai: HDFC Ltd will acquire the entire 50.8 per cent shareholding of Apollo Group in Apollo Munich Health Insurance Company for Rs 1,336 crore, according to an announcement here on Wednesday. Earlier in the day, both HDFC and Apollo Hospitals Group approved entering into definitive agreements for HDFC to acquire the entire 50.8 per cent […]

National Insurance Company
Robbers loot cash from Insurance Company in Berhampur

Berhampur: Unidentified robbers reportedly looted cash from a branch of National Insurance Company Ltd. near Tata Benz Square in Berhampur Sunday night. The incident is suspected to have happened late last night as the company staff, upon reaching office this morning, found the locks broken. The staff alleged that the robbers fled with all the […]

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