INSUBCONTINENT EXCLUSIVE:
As it sets the stage for the offering, LIC has been sending SMSs to policyholders.From adjusting capital-markets rules to sending phone
messages and publishing newspaper advertisements, authorities and executives are leaving no stone unturned in trying to ensure Life
between Rs 40,000 crore ($5.4 billion) and Rs 1 lakh crore this quarter -- as a key item in its economic agenda, with proceeds from the
Mumbai-based Piper Serica Advisors Pvt
investors from abroad, an official said this month without specifying a time-frame
Equity stakes among foreigners are allowed for most Indian insurers, but not in LIC, which is a special entity created by an act of
Parliament.The clearance for foreign stakes in the mega offering would not just permit global funds to participate, but also allow them to
buy more after the exchange listing
the stage for the offering, LIC has been sending SMSs to policyholders, and last month started publishing newspaper ads with the title,
participate in the issue.The Securities and Exchange Board of India is planning to recruit 120 senior executives across its legal,
companies sold shares for the first time in India last year to raise nearly $18 billion, a fourfold increase from 2020
While the average performance since debut has been positive, the country's biggest-ever IPO last year was a flop
Digital-payments giant Paytm has tumbled more than 45% since its $2.4 billion listing in November, with analysts pointing to its expensive
valuation.Paytm's IPO toppled the long-standing record held by Coal India Ltd., whose offering in 2010 saw the government selling a 10%
While the stock jumped in its trading debut, it is now down by about one-third from the listing price
