Washington [US], October 12 (ANI): Union Minister for Petroleum and Natural Gas Hardeep Singh Puri met the CEO of Schlumberger, Olivier Le Peuch, and discussed ways to further collaborate between the oilfield services firm and Indian exploration and production companies.

Washington [US], October 12 (ANI): Union Minister for Petroleum and Natural Gas Hardeep Singh Puri met Octavio Simoes, President and Chief Executive Officer of Tellurian, a natural gas company, and exchanged notes on the opportunities for Indian Oil Marketing Companies to invest in Tellurian's projects.

Mumbai (Maharashtra) [India], September 30 (ANI): The Securities and Exchange Board of India (SEBI) on Friday decided to ease the regulations related to the offer-for-sale of shares by non-promoters of companies.

Mumbai (Maharashtra) [India], May 30 (ANI): PayMate India, a B2B payment solutions provider, has filed its draft red herring prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (SEBI) to raise around Rs 1,500 crore through an initial public offering (IPO).

New Delhi Mar 21 PTI The government has filed updated draft papers with market regulator Sebi for an initial public offer of LIC incorporating December quarter financials of the insurance behemoth an official said on MondayIn the run-up to the mega IPO on February 13 the government had filed the draft red herring prospectus DRHP with the regulator giving details of financial results till September The DRHP got Sebi approval early this monthUpdated DRHP of LIC with December financials has been filed an official said adding it was required to be done as per Sebi observationsAs per the updated financials the Life Insurance Corporation reported a net profit of Rs 235 crore in the October-December quarter The net profit in April-December 2021 increased to Rs 167157 crore from Rs 708 crore a year agoThe government is expecting to garner over Rs 60000 crore by selling about 316 crore or 5 per cent stake in the life insurance firm to meet the curtailed disinvestment target of Rs 78000 crore in the current fiscalThe IPO was originally planned to be launched in March but the Russia-Ukraine crisis has derailed the plans as stock markets are highly volatileThe government has time till May 12 to launch the IPO without filing fresh papers with the Securities and Exchange Board of IndiaLICs embedded value which is a measure of the consolidated shareholders value in an insurance company was pegged at about Rs 54 lakh crore as of September 30 2021 by international actuarial firm Milliman AdvisorsAlthough the DRHP does not disclose the market valuation of LIC as per industry standards it would be about 3 times the embedded valueAt a 5 per cent stake dilution the LIC IPO would be the biggest ever in the history of the Indian stock market and once listed its market valuation would be comparable to top companies like RIL and TCSSo far the amount mobilised from the IPO of Paytm in 2021 was the largest ever at Rs 18300 crore followed by Coal India 2010 at nearly Rs 15500 crore and Reliance Power 2008 at Rs 11700 croreDuring the current financial year so far Rs 1242367 crore has been garnered through offer for sale employee OFS strategic disinvestment and buyback The target for the full fiscal is Rs 78000 croreFor the next fiscal the disinvestment target has been set at Rs 65000 crore PTI JD ANZ BAL BAL

Mumbai (Maharashtra) [India], March 10 (ANI): Nasdaq-listed Ebix Inc's Indian subsidiary Ebixcash on Thursday filed draft papers with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 6,000 crore through an initial public offering (IPO).

Mumbai (Maharashtra) [India], March 9 (ANI): The market regulator Securities and Exchange Board of India (SEBI) has approved the initial public offering proposal of the Life Insurance Corporation of India (LIC), sources said on Wednesday.

New Delhi [India], February 14 (ANI): The filing of a draft red herring prospectus (DRHP) by Life Insurance Corporation of India (LIC) has created a "positive buzz in the air" and the public issue will be a very positive development in the history of the country's largest insurer, Union Finance Minister Nirmala Sitharaman said on Monday.

Mumbai [India], December 28 (ANI): The Securities and Exchange Board of India (SEBI) on Tuesday introduced a slew of measures to further reform the Initial Public Offering (IPO) market in the country.