LIC picks up additional 2% stake in Yes Bank

Last Updated: Wednesday, June 10, 2015, 19:04

Country's largest insurer LIC has picked up additional 2 percent stake in Yes Bank that would be worth about Rs 698 crore at current market prices.

BoI raises Rs 641 cr from share sale to LIC, New India Assurance

Last Updated: Friday, March 20, 2015, 15:26

Public sector lender Bank of India (BOI) on Friday said it has raised over Rs 641.99 crore by issuing shares on preferential basis to LIC and New India Assurance.

Disinvestment in LIC, Air India, BSNL will unlock lakhs of crores of rupees: Deepak Parekh

Last Updated: Sunday, February 22, 2015, 19:02

Pitching for disinvestment in public sector behemoths like LIC, Air India and BSNL, top industry leader Deepak Parekh has said it can unlock huge funds worth "lakhs of crores of rupees" and shares should be given to retail investors without depending on the overseas entities.

In CIL stake sale LIC bought almost 50% of shares on offer

Last Updated: Monday, February 2, 2015, 17:34

Country's largest insurer LIC picked up almost half of the shares on offer in the Coal India's Rs 22,558 crore disinvestment, once again coming in to ensure success of a government stake sale.

LIC outshines pvt insurers in 9-month premium collection

Last Updated: Sunday, February 2, 2014, 12:44

Although 23 private sector insurance companies taken together recorded a flat growth, Reliance Life, Max Life and MetLife bucked the trend by recording growth in new business premium.

LIC stake in Axis Bank crosses 10%

Last Updated: Wednesday, January 22, 2014, 16:38

The stake of country's largest life insurer LIC in Axis Bank has crossed 10 percent after it picked up the private lender's shares through open market transactions.

LIC to outdo first premium collection target for FY14: Chairman

Last Updated: Wednesday, November 27, 2013, 20:13

Insurance major LIC on Wednesday said it will exceed the target for first premium collection for this fiscal, indicating better times for the industry than the last year which was dismal for insurers.

LIC outshines pvt sector insurers in H1 premium collection

Last Updated: Sunday, November 17, 2013, 11:54

State-owned Life Insurance Corporation has outperformed its peers in the private sector by recording a 7.26 percent growth in premium collection during the first half of the current fiscal.

LIC Nomura eyes Rs 200 cr from new capital protection fund

Last Updated: Monday, November 4, 2013, 19:25

"We plan to launch a capital protection oriented fund soon. From this NFO, we aim to raise at least Rs 200 crore," chief executive Nilesh Sathe said.

LIC buys scrips worth Rs 14,500 cr in 15 Sensex cos

Last Updated: Sunday, October 27, 2013, 11:11

State-owned insurance giant LIC has increased its exposure in 15 blue-chip firms during the July-September quarter with purchase of shares estimated to be Rs 14,500 crore at current valuation.

LIC Nomura MF keen on acquisitions to fuel growth

Last Updated: Sunday, October 27, 2013, 10:52

LIC Nomura Mutual Fund, the MF arm of the nation's largest financial entity, may look at inorganic growth route to emerge as a major player in the cluttered industry that has been bleeding for years due to falling margins and flight of investors.

Govt ups LIC's investment cap to 25% under special circumstances

Last Updated: Wednesday, August 14, 2013, 19:45

The Finance Ministry Wednesday said the public sector insurance behemoth LIC can increase its investment in companies up to 25 percent from the current 20 percent under special circumstances.