Corporate News 21-Dec-23
LIC gets exemption to achieve minimum public shareholding
The Department of Economic Affairs, Ministry of Finance vide Office Memorandum dated 20 December 2023 has decided in the public interest, to grant one-time exemption to Life Insurance Corporation of India to achieve 25% Minimum Public Shareholding (MPS) within 10 years from the date of listing i.e., till May 2032 under Rule 19A (6) of the Securities Contract (Regulations) Rules (SCRR) 1957.
Previous News
Life Insurance Corporation of India standalone net profit rises 49.10% in the December 2023 quarter
( Results - Announcements 09-Feb-24 07:39 )
Life Insurance Corporation of India consolidated net profit rises 29.52% in the December 2023 quarter
( Results - Announcements 09-Feb-24 07:39 )
SEBI extends timeline for LIC to achieve 10% public shareholding
( Corporate News - 15-May-24 10:22 )
LIC hikes stake in Hindustan Unilever
( Corporate News - 15-Apr-24 18:37 )
LIC hikes stake in Britannia Industries
( Corporate News - 19-Oct-23 18:43 )
LIC temporarily shuts down its Mauritius branch
( Corporate News - 15-Jan-24 19:27 )
LIC pares stake in Hero Moto Corp
( Hot Pursuit - 15-Dec-23 14:58 )
Life insurance sector new business premium income down 25% at Rs 26495 crore in November
( Insurance - 07-Dec-23 18:20 )
LIC receives order demanding Rs 290 cr GST with interest and penalty
( Hot Pursuit - 25-Sep-23 10:19 )
LIC raises stake in SAIL
( Hot Pursuit - 10-Jun-23 14:37 )
LIC Q2 PAT slides 50% YoY to Rs 7,925 cr
( Hot Pursuit - 11-Nov-23 11:34 )
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