Life Insurance Corporation of India has hiked its stake in private telecom services provider Bharti Airtel to 5 per cent after acquiring shares worth Rs 13.17 crore.
LIC has purchased 5 lakh shares, representing a 0.013 per cent stake in Bharti Airtel, for Rs 13.17 crore through an open market transaction, the telecom services provider said [...]

Life Insurance Corporation of India’s (LIC) investments in shares this financial year may exceed last year’s net figure of Rs 61,000 crore, a senior official with the firm told.
With a record number of public issues set to hit the market this year, the insurance behemoth is thinking of increasing exposure to both the primary and [...]

State-owned insurer LIC has written a letter to the Securities & Exchange Board of India (SEBI) recently, asking for price secrecy in the bidding process for IPOs and FPOs, a source said.
“LIC wrote a letter to SEBI after the Follow-on Public Offer (FPO) of the Rural Electrification Corporation in March this year, asking the regulator [...]

The country’s largest insurer LIC is understood to have picked up more than five per cent stake in IT company Tech Mahindra.
The shares of Tech Mahindra were sold by US-based communications firm AT&T, which is one of the major clients of the IT firm. US-based firm sold its stake nearly a month after it had [...]

Foreign institutional investors (FIIs) raised their stake in many companies during the January-March quarter, while retail investors used the upswing in share prices to book profits.
Of the 202 companies that have disclosed their shareholding data for the past quarter, 57 saw a rise in FII holdings. These include Axis Bank, Bank of Baroda (BoB), ACC, [...]

NMDC shares fell to a 10-month low on Monday, as many investors who had subscribed to the state-owned miner’s recent follow-on public offer (FPO) may have booked profits, brokers said.
Shares in the follow-on issue were credited to investors’ demat accounts on Friday.
Market players tracking the stock say that it is not cheap yet. But investors [...]

The Reserve Bank of India on Thursday said it may come out with guidelines on new banking licences in about three months.
“It may take three months. It all depends on what are the situations and complexities of issues,” RBI deputy governor K C Chakrabarty said on the sidelines of an event organised by SKOCH.
Last month, [...]

Last-minute bids by local institutional investors helped salvage the follow-on public offering (FPO) of state-owned mining company NMDC, as foreign investors, HNIs and retail investors cold-shouldered the offering, the last in the list of companies lined up for divestment this fiscal.
The NMDC share sale was subscribed 1.25 times on the last day of bidding. But [...]

The follow-on public offer of state-run mining major NMDC got subscribed 1.23 times on the final day of issue today, as institutional investors, both domestic and foreign, showed interest in the issue.
The FPO got bids for 40.94 crore shares, representing a demand of 1.23 times of the 33.22 crore shares on offer, as per the [...]

State-run Life Insurance Corp has sold about 1.9 million shares, or 5.9 percent stake, in Tilaknagar Industries Ltd at 100.5 rupees a share, according to a filing by Tilaknagar to the BSE on Thursday.
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