LIC stake sale: Centre mulls up to $1.5 bn divestment by year-end; Sebi float rule drives move

The government plans to sell a $1-1.5 billion stake in LIC by year-end to boost public shareholding to 10%, meeting Sebi ...

Orkla India IPO subscribed nearly 3x on Day 2 despite falling GMP: Should you apply?

The Rs 1,667-crore initial public offering of Orkla India, the company which owns popular packaged food brands MTR, got fully ...

LIC responds to Washington Post report on alleged $3.9 billion Adani investment plan; says investments made with integrity

Terming the allegations “false, baseless, and far from truth,” LIC said no such proposal or document had ever been prepared by the insurer or the government. The state-owned company asserted that its ...

Orkla India raises ₹500 crore from anchors ahead of ₹1,667-crore IPO

MTR and Eastern maker Orkla India raised ₹500 crore from anchor investors including Nippon MF and LIC MF ahead of its ...

Government To Sell 6.5% Stake in LIC, Share Price Rises Amid Plan To Boost Public Holding

The Indian government is preparing to reduce its stake in Life Insurance Corporation of India (LIC) by up to 6.5 percent, ...
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Blase Capital moving money

There are hints that the Centre wants to, and hopes to, raise massive sums from the sale of its equities in state-owned firms ...

Orkla India IPO GMP: Public issue of MTR owner open for subscription - Check important details here

A day before its maiden public offering opened for subscription, Orkla India raised around Rs 500 crore from anchor investors ...