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News
Life Insurance Corporation offer for sale | Life Insurance Corporation offer for sale sees weak retail demand despite bigger issue size
1+ mon, 1+ week ago (231+ words) Retail demand for the government’s stake sale in Life Insurance Corporation (LIC) lagged institutional interest, leaving the individual investor portion undersubscribed after the government increased the offering’s size to $3.3 billion. The two-day offer-for-sale, which closed Wednesday, attracted bids for 69 per…...
Life Insurance Corporation stake sale | Life Insurance Corporation stake sale expands after strong demand from institutional investors
1+ mon, 1+ week ago (329+ words) Insurance stocks gained on Wednesday after the Supreme Court directed that mandatory third-party motor insurance for new private cars be extended to four years and for new two-wheelers to six years, a move insurers said would improve road safety, increase…...