Mumbai (Maharashtra) [India], May 2 (ANI): The anchor investor portion of Life Insurance Corporation of India's (LIC) initial public offering (IPO) was oversubscribed on Monday, the first day of subscription.
New Delhi [India], April 28 (ANI): The Polit Bureau of the Communist Party of India (Marxist) has firmly opposed the manner in which the Central Government has initiated the Initial Public Offer (IPO) of the Life Insurance Corporation (LIC) saying that it is a step towards the destruction of the public character of the corporation, "handing over priceless financial assets largely owned by nearly 29 crore policyholders."
New Delhi [India], April 27 (ANI): Life Insurance Corporation (LIC) has set its price band for the Initial Public Offer (IPO) at Rs 902 to Rs 949 per equity share. The public offer starts on May 4 and will remain open for bidders till May 9, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said on Wednesday.
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