LIC – BOL News Staging

With a $17 billion loss, LIC IPO is a massive wealth destroyer

June 14, 2022 by Muhammad Humair Qureshi

With a $17 billion loss in market value, LIC is one of the greatest wealth destroyers among Asia’s initial public offerings this year. The benchmark S&P BSE Sensex has fallen more than 9% this year. Life Insurance Corp (LIC) of India has been one of the largest wealth destroyers among Asia’s initial public offerings this … Read more

India to sell 5% of insurance giant

February 20, 2022 by Muhammad Zubair

MUMBAI: India plans to sell a five per cent stake in insurance giant LIC in what could potentially be the country’s largest initial public offering, according to a regulatory filing Sunday. Prime Minister Narendra Modi’s government is desperate for proceeds from the IPO of the Life Insurance Corporation of India and the sale of other … Read more

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