Initial Public Offer (IPO) Current Affairs, GK & News

LIC: India’s largest Initial Public Offering

The Government of India is planning to sell 5% of its share in LIC. LIC is Life Insurance Corporation. With this, the government is trying to raise Rs 65,000 crores. What is the plan? 10% of the shares are being reserved for eligible policy holders. These shares will carry discounted prices. The plan is to ..

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LIC to have CEO and MD to Substitute Chairman

Life Insurance Corporation of India (LIC) is creating post for Managing Director (MD) and Chief Executive Officer (LIC) instead of having an Executive Chairman. Highlights These changes have been outlined in backdrop of launch a mega initial public offering (IPO). LIC will have instead of an Executive Chairman on the line of public sector banking ..

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Govt. extends superannuation age of LIC Chairman to up to 62 years

Union Government has extended superannuation age of IPO-bound LIC Chairman to up to 62 years. Key Points Superannuation age was extended by amending Life Insurance Corporation of India (Staff) Regulations, 1960. Changes made in rules will be called as “Life Insurance Corporation of India (Staff) Amendment Rules, 2021. Retirement age for top executives of majority of PSUs is ..

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