Browsing Tag
lic
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PNB, LIC, SBI, and BoB plan to invite bids for UTI AMC stake, with the Tata Group expected to submit a new bid.
In a significant development, four prominent state-owned financial entities, namely Punjab National Bank (PNB), Life Insurance Corporation of India (LIC), State Bank of India (SBI), and Bank of Baroda (BoB), are reportedly preparing to invite formal bids for the sale of their combined stake in UTI Asset Management Company (AMC).
LIC increases stake in SAIL to 8.69% by purchasing additional shares during the current quarter.
The Life Insurance Corporation of India (LIC) has recently acquired additional shares of Steel Authority of India Limited (SAIL) during the ongoing quarter, thereby raising its stake in the company to 8.69%.
LIC increases its ownership in Tech Mahindra, raising its stake by 2% to reach 8.8%.
Life Insurance Corporation of India (LIC), the country's largest insurance company, has made a significant move by increasing its stake in Tech Mahindra Ltd, an esteemed IT firm.
LIC’s net profit in the fourth quarter skyrocketed by more than five times, reaching Rs 13,191 crore.
Insurance behemoth LIC (Life Insurance Corporation of India) has announced impressive financial results for the fourth quarter ending in March 2023.
In the fourth quarter, there was a notional decrease of Rs 38,732 crore in LIC’s stake in four Adani Group stocks.
LIC's recent notional loss of Rs 38,732 crore in the combined holding value of four Adani group stocks has raised eyebrows in the investment community.
The Managing Director of LIC, Mohanty, has been appointed as the company’s chairman.
Mr. Mohanty has been appointed as the Chairman of Life Insurance Corporation (LIC), one of the most iconic institutions in India.