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United Bank raises Rs 300 cr by selling shares to LIC

United Bank raises Rs 300 cr by selling shares to LIC

Last Updated: Monday, July 28, 2014, 21:10

State-owned United Bank of India Monday said it has raised Rs 300 crore by selling shares on preferential basis to LIC.

Central Bank to sell 4% stake to LIC for Rs 581 cr

Last Updated: Sunday, July 27, 2014, 11:54

The government has earmarked only Rs 11,200 crore for fund infusion into public sector banks this current fiscal, down from Rs 14,000 crore last fiscal.

United Bank to raise Rs 300 cr by selling shares to LIC soon

Last Updated: Wednesday, July 23, 2014, 14:59

The bank proposes to issue 8.45 crore shares to LIC at a price of Rs 35.50 per share.

LIC hikes stake in Infosys; buys shares worth Rs 1,100 cr

Last Updated: Sunday, July 13, 2014, 19:11

State-owned life insurer LIC has shored up its stake in Infosys to 3.82 percent, purchasing shares worth about Rs 1,100 crore in the April-June quarter.

Fire in LIC office in West Bengal

Last Updated: Thursday, July 03, 2014, 12:04

The main branch of LIC in Malda caught fire and two fire engines brought the blaze under control after about three hours.

LIC hopes to retain market share of 82% this fiscal

Last Updated: Tuesday, June 10, 2014, 14:49

"We hope to retain the existing market share in the current financial year at 82 per cent," LIC Managing Director S B Mainak said.

LIC sells shares worth Rs 6,300 cr in Sensex cos

Last Updated: Thursday, April 24, 2014, 15:23

State-owned life insurer LIC lowered its exposure in 15 blue-chip firms during the January- March quarter with sale of shares that are currently worth over Rs 6,300 crore.

Largest bond sale of Rs 20,000 cr fully covered

Last Updated: Thursday, April 17, 2014, 20:23

The Reserve Bank on Thursday auctioned the highest ever quantum of government bonds worth Rs 20,000 crore which was fully subscribed on increased demand after over Rs 40,000 crore of redemption of a security and on value-buying.

LIC trims stake in Infosys to 3.25%; garners Rs 850 cr

Last Updated: Monday, April 14, 2014, 15:26

LIC, the biggest institutional investor in the stock market, held 3.71 percent stake in Infosys during the October-December quarter, which has fallen to 3.25 percent as of March 31, 2014

LIC trims stake in Hero MotoCorp to 2.99%

Last Updated: Friday, March 14, 2014, 16:31

State-owned LIC has cut its stake in Hero MotoCorp to around 3 percent by selling more than 2 percent stake.

Unitech sells 10 acres of land for Rs 130 crore to repay debt

Last Updated: Tuesday, March 11, 2014, 14:54

Realty major Unitech has sold almost 10 acres of land in Bangalore and Mysore for about Rs 100-130 crore as part of its strategy to repay debt.

LIC hikes stake in BHEL to 15%

Last Updated: Wednesday, March 05, 2014, 21:22

During this period, LIC snapped 5.942 percent stake in the power equipment maker.