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LIC to acquire ‘substantial’ stake in pure health insurer, announcement likely by March 31

LIC to acquire ‘substantial’ stake in pure health insurer,...

Public sector behemoth Life Insurance Corporation of India (LIC) is in the final stage of discussions to acquire a...

18 March 2025 4:54 PM

Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). (File Photo)

Govt may rope in LIC in PSU bank recap programme

Finance Minister Arun Jaitley last week said that there were multiple options before the government for recap bonds.

29 Oct 2017 7:28 AM

Axis Bank launched a home loan product that entails waiving off a few EMIs during the course of a loan. (Photo: PTI)

Axis Bank to raise Rs 11,626 crore from investors

Bank will raise Rs 9,063 crore from the share sale and Rs 2,563 crore from the sale of warrants.

11 Nov 2017 5:39 AM

The Corporation has increased its market share from 70.44 per cent to 71.07 per cent in the last fiscal year.

LIC's surplus payout to govt up 15.8 pc at Rs 2,207 cr in FY17

In FY16, LIC had paid Rs 1,900 crore, thus showing a growth of 15.79 per cent in FY17.

30 Sept 2017 6:05 AM

Life insurance serves several purposes in addition to simply providing your family with basic monetary relief once you are gone.

Life insurers cut fresh exposure to equities by 57 per cent in FY17

Total assets held by the life insurance industry grew 18 per cent to Rs 29.81 trillion from Rs 25.29 trillion.

17 Sept 2017 5:37 AM

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

LIC seeks CCI nod for IDBI Bank deal

LIC has offered to acquire 2,04,15,12,929 equity shares, representing 26 per cent of the fully paid-up equity capital of...

31 Oct 2018 11:55 AM

IDBI shares fell as much as 3.5 per cent to 73.6 rupees.

LIC makes Rs 12,602 crore open offer for IDBI stake

LIC came out with an open offer for acquiring 26 per cent equity in IDBI Bank at a price of Rs 61.73 per share.

5 Oct 2018 5:48 AM

RBI has been taking steps to improve the overall cash situation.

Govt moves NCLT for management change at IL&FS

IL&FS, where LIC is the largest shareholder with 25.34 per cent stake, has a debt burden of over Rs 90,000 crore.

1 Oct 2018 7:13 AM

NCLT to extend the moratorium so that legal action cant be taken by creditors against IL&FS or its 347 group entities.

Govt may nudge LIC, SBI to buy out IL&FS

LIC and ORIX Corporation of Japan are the largest shareholders in IL&FS having 25.34 per cent and 23.54 per cent stake...

12 Nov 2018 6:46 AM

LIC earlier had 12,74,823 shares in the company constituting 7.68 per cent stake.

LIC sells over 2 per cent stake in Merck Ltd; stock surges over 19 pc

Over 5.5 lakh shares of the company were traded on both NSE and BSE stock exchanges.

15 Jan 2018 9:36 AM

IDBI shares fell as much as 3.5 per cent to 73.6 rupees.

Moody's places IDBI Bank's long-term ratings for upgrade

The bank's board has sent the LIC's proposal for buying 51 per cent to the government for approval.

25 July 2018 7:53 AM

Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). (File Photo)

LIC posts 33 per cent increase in investment profits

As at March 31, 2018, LIC balance sheet increased to Rs 27.91 lakh crore compared to Rs 25.29 lakh crore.

4 July 2018 3:33 AM