Initial public offering (IPO) Current Affairs, GK & News

Initial Public Offering (IPO)

When an unlisted company makes either a fresh issue of securities or an offer for sale of its existing securities or both for the first time to the public, it is called Initial Public Offering or IPO. An IPO paves way for listing and trading of the issuer’s securities. Pricing of IPO When a company ..

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Amendment in FEMA Rules for LIC

The rules of the Foreign Exchange Management Act (FEMA) have been amended by the government to pave way for up to 20 per cent of foreign direct investment (FDI) in the Life Insurance Corporation of India (LIC). The central government also intends to reduce its stake in LIC through an Initial Public Offering (IPO). Overview: ..

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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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RBI caps NBFC IPO Funding

The Reserve Bank of India (RBI) announced a scale-based regulation of non-banking finance companies on October 22, 2021. Key Points RBI’s regulation also comprises of a ceiling on IPO funding per borrower and changes in minimum net owned fund, capital requirements and classification of non-performing assets. Under the new framework, RBI has kept a ceiling ..

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Government Informs LIC is not being Privatized

The Central Government has informed the Lok Sabha on March 15, 2021 that, the Life Insurance Corporation of India (LIC) is not being privatized. Highlights This information was provided by the government in a reply to a supplementary question during the Question Hour in Lok Sabha. The Minister of State for Finance, Anurag Thakur, also ..

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