In a move aimed at granting additional time to Life Insurance Corporation (LIC) of India to meet regulatory requirements, the Securities and Exchange Board of India (Sebi) has extended LIC’s deadline to achieve a minimum 10% public shareholding. LIC, a state-owned insurance giant, now has until May 16, 2027, to fulfill this obligation.
Following the announcement, LIC’s stock surged by 6.3% on the Bombay Stock Exchange (BSE), closing at Rs 989.8 per share, despite broader indices experiencing a slight decline.
This extension underscores the complexities involved in transitioning a state-owned behemoth like LIC towards greater public ownership while balancing regulatory requirements with market dynamics.
The government of India abolished the 'No-detention policy' for students in class 5 and 8…
Every year, 24th December marks the celebration of National Consumer Day in India. This significant…
The Atal Innovation Mission (AIM), NITI Aayog, and the United Nations Development Programme (UNDP), in…
Exams like SSC, Banking, Railways, and state-level tests provide opportunities for securing prominent positions in…
Dr. Bhimrao Ramji Ambedkar, also known as the "Father of the Indian Constitution," was a…
The RBI Governor is the Chief Executive Officer of the Central Bank of India and the…