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 ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: Divestment • Initial Public Offer (IPO) • Initial public offering (IPO) • LIC • Life Insurance Corporation (LIC)
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 ..
Month: Current Affairs - July, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Initial Public Offer (IPO) • LIC Act 1956 • LIC’s top management • Life Insurance Corporation of India • SEBI
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 ..
Month: Current Affairs - July, 2021
Category: Government Schemes Current Affairs
Topics: 1960 • Initial Public Offer (IPO) • Life Insurance Corporation • Life Insurance Corporation of India (Staff) Regulations • superannuation age of LIC Chairman