Last week, the government filed fresh draft red herring prospectus (DRHP) with markets regulator for the much awaited IPO of Life Insurance Corp (LIC). On Monday, the regulator approved the same. Now, ...

The Finance Ministry has issued a directive related to employees to the heads of public sector banks. In this direction, it is said that the employees of banks associated with LIC's IPO should not be ...

LIC Stake Sale Via OFS: State-owned Life Insurance Corporation's stake sale is likely to be delayed due to prevailing market conditions, sources have informed ET NOW. Sources said that the government ...

In what will be the biggest stock offering in India, the government has plans to raise about $8 billion by selling 5% of LIC's stake this month before the fiscal year ends on March 31. Bankers ...