Fino Payments Surge 36% in 2 Days as Capri Global Buys 1.3 Million Shares
Shares of Fino Payments Bank rose 13% to Rs 262.70 in intraday trade on NSE on heavy volume on Thursday. The fintech company’s shares have...
Tag : LIC
Centre Seeks Extension to Meet 25% Public Holding Norm for IDBI Bank Stake Sale
According to CNBC TV-18, the central government seeks SEBI to extend IDBI Bank’s 25% minimum public shareholding (MPS) standard after privatisation. The channel reported on...
LIC’s Move to Sell Reliance Capital’s Debt to ARC Rattles Lenders, Bidders
LIC‘s move to sell its cash-strapped Reliance Capital Ltd (RCL) Rs 3,400 crore secured principal debt to an asset restructuring company (ARC) has angered its...
LIC Shares Rise on Report That Insurer Plans to Issue Bonus Shares and Dividends
Life Insurance Company of India (LIC) shares rose 4.1% to Rs 617.1 in BSE intraday trade on Monday after reports that the company plans to...
LIC Reduces Shareholding in PGCI to 3.3%
On 12 October, the state-run insurance major announced that it sold a 2 per cent stake in the state-run power transmission company. The shareholdings of...
Govt, LIC Jointly Divest 60.72% Stake in IDBI Bank
The Department of Investment and Public Assets Management (DIPAM) on October 7 invited potential bidders to submit expressions of interest (EoI) for the strategic divestment...
SBI and Union Bank of India Set to Raise Rs 5,500 Crore
State Bank of India (NSE -1.81%) (SBI) and Union Bank of India will raise a total of about Rs 5,500 crore in 15-year bonds locally,...
Govt Tries to Relax IDBI Bank’s Public Shareholding Rules After Privatisation
The government has contacted the capital market regulator to ask IDBI Bank to relax its minimum public shareholding (MPS) norms for two years after privatisation,...
JSW Steel Share Price Up as LIC Raises stake in Steel Stock
JSW Steel shares rose 3% on Monday as street sentiment turned in favour of the Sajjan Jindal-led steel company after India’s state insurer Life Insurance...
HDFC Bank, SBI Plan to Raise Rs 10,000 Crore Via AT-1 Bond This Week
The Economic Times reported on September 5, citing people familiar with the matter, that banking giants HDFC Bank and State Bank of India (SBI) plan...