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Life Insurance Corporation

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LIC-Housing-Finance-Ltd
LIC Housing Finance PAT rises to Rs 925.48 crore in Q1FY23
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insurance-sector
LIC's embedded value estimated at Rs 5,414.9 billion
IANS -
The embedded value in the case of a life insurance company is the current value of the company's future profits. According to LIC officials, the IEV has been determined at Rs 541,492 crore (Rs 5,414.9 billion) as compared to Rs 95,605 crore (Rs 956 billion) as on March 31, 2021 and Rs 539,686 crore (Rs 5,397 billion) as on September 30, 2021.
LIC-insurance
Investors lose Rs 1.2 lakh cr as LIC shares tumble 20% below issue price
IANS -
The government had offloaded 3.5 per cent of its stake through the IPO route. The IPO valued LIC at Rs 6 lakh crore. At the time of writing this report, the company's market capitalisation was at around Rs 4.8 lakh crore, which essentially means the investors have lost worth Rs 1.2 lakh crore recently.
Life-Insurance-Corporation-of-India
LIC Q4 net profits down 17% YoY, announces Rs 1.5 dividend for FY22
IANS -
The insurance company's consolidated income from net premium income during the quarter rose nearly 18 per cent to Rs 144,158 lakh crore, the earnings report shared with the exchanges showed. This is the first earnings results reported by the company after it went public on the exchanges earlier this month. It has recommended a dividend of Rs 1.5 per equity share for FY22, which is subject to approval of shareholders in the annual general meeting, the filing said. The shares of the much-awaited LIC made a weak listing on the stock exchanges on May 17. It listed on the stock exchanges at a discount of 8.62 per cent at Rs 867, from its IPO issue price of Rs 949.
Much-awaited-LIC-lists-with-discount-of-over-8-%
Much-awaited LIC lists with discount of over 8%
IANS -
The Indian insurance major listed on the stock exchanges at a discount of 8.62 per cent at Rs 867, from its Initial Public Offering (IPO) issue price of Rs 949. The initial public offering of LIC had, however, received robust response from investors as the insurance major's offer has been subscribed 2.89 times.
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Swastika-Investmart-sees-flat-listing-for-LIC-recommends-investors-to-go-long
Swastika Investmart sees 'flat' listing for LIC, recommends investors to go long
IANS -
The brokerage's rationale behind the anticipation is based on the current market situation such as increased inflation statistics, FII outflows, currency weakness, geopolitical and rate hike-related worries. The much-awaited listing of the insurance major is expected to take place on Tuesday.
LIC-wholesale-inflation
LIC listing, wholesale inflation will give cues to mkt next week: Samco Securities
IANS -
The Commerce and Industry Ministry is scheduled to release wholesale inflation data for April on Tuesday. In absence of any positive catalysts, the benchmark equity indices are expected to remain under pressure as selling is emerging on every bounce, said Yesha Shah, Head of Equity Research, Samco Securities.
Supreme-Court
SC moved against LIC IPO, seeks scrapping of process
IANS -
The writ petition was filed by policyholders, said Thomas Franco Rajendra Dev, Joint Convenor of NGO People First and the case is listed for Thursday.
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