GOVERNMENT ALLOWS 20% FDI IN LIC IPO

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LIC IPO: The government has taken a massive desire in recent times regarding LIC IPO. 
 facilitate disinvestment withinside the country`s largest insurance business enterprise LIC. 
 20 consistent with cent in Life Insurance Corporation of India (LIC) beneathneath the automatic route. 
 News organization PTI has given this records quoting sources. 
 To facilitate disinvestment, LIC has been allowed up to 20 percent FDO, the facts organization reported. 
 What are SEBI`s guidelines- 
 As consistent with the guidelines of market regulator SEBI, every FPI (Foreign Portfolio Investment) and FDI are allowed beneathneath public hassle offerings. 
 there can be a need to make the proposed LIC IPO consistent with SEBI norms with reference to foreign places investor participation. 
 The Cabinet had authorised the initial public presenting of LI in July closing year. 
 LIC has achieved to the market regulator SEBI for this hassle. 
 Know about LIC IPO 
 Let us permit you to recognise that this is the 1/three largest IPO of any insurance business enterprise withinside the world. 
 Five distinct domestic and global investment banks collectively with SBI Capitals, Citigroup, Nomura, JP Morgan and Goldman Sachs are the ee-book running lead managers for the IPO. 
 Five percent of the LIC IPO has been reserved for employees and 10 percent for the insured. 
 A usual of 35 percent of the LIC IPO is for retail investors. 
 That is, those who have LIC insurance can bid for shares as an awful lot as a maximum of Rs 4 lakh. 
 He can bid in policyholder and retail categories.

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