Corporate News 05-Sep-23
Life Insurance Corporation infuses Rs 24.75 cr in LIC Mutual Fund Asset Management
Life Insurance Corporation of India has infused an incremental capital today i.e. 05 September 2023, in LIC Mutual Fund Asset Management in Rights Issue (fully paid-up equity shares of Rs.10,000 each) pursuant to the scheme of takeover/ merger transaction of IDBI Mutual Fund with LIC Mutual Fund Asset Management. 956 rights equity shares have been offered at an issue price of Rs.2,58,851 each for an aggregate amount of Rs 24.75 crore.
Previous News
Life Insurance Corporation of India consolidated net profit rises 9.44% in the June 2024 quarter
( Results - Announcements 09-Aug-24 07:32 )
LIC allocates Rs 600 crore for digital transform; to be 'Paperless' in 2 years
( Insurance - 19-Sep-24 09:45 )
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Life Insurance Corporation forecasts higher new business margin in FY25
( Insurance - 08-Aug-24 21:40 )
Life Insurance Corporation of India consolidated net profit rises 1498.40% in the June 2023 quarter
( Results - Announcements 11-Aug-23 07:46 )
LIC keen to setup fintech unit, initiated total digital transform project DIVE, says Chairman Mohanty
( Insurance - 26-Nov-23 13:36 )
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( Corporate News - 09-Oct-23 14:12 )
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( Corporate News - 26-Jul-23 15:01 )
LIC's market share fell to 58.5% till September from 68.2% in a year
( Insurance - 10-Oct-23 10:15 )
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