IPO TOPIC: Economy Context- The mega initial public offering (IPO) of Life Insurance Corporation (LIC) is coming when markets are volatile and foreign portfolio investors (FPIs) are pulling out from Indian stocks in the wake of the US Fed tightening rates. Concept- Who can apply? A portion of shares, not exceeding 5 percent […]

    IPO Subject: Economy Context: In the upcoming listing, up to 10% of the IPO issue size will be reserved for LIC policyholders, who can also look forward to a discount. The LIC (Amendment) Rules, 2021 say that any reservation made by the Corporation in favour of its policyholders on a competitive basis in […]

Subject : Security Market Context :  SEBI chief has said that U.S. investors want more reforms in IPO rules. Concept : Initial Public Offering IPO is the selling of securities to the public in the primary market. Primary market deals with new securities being issued for the first time. It is also known as the […]

Subject: Economy Context: The government is likely to amend the Life Insurance Corporation (LIC) Act, 1956 to facilitate the Initial Public Offering (IPO) of the country’s largest life insurer LIC. Concept: The amendment in the LIC Act is required to achieve at least three objectives — to list as a corporation and not as a […]