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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.

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 at LIC building in Kanpur

Last Updated: Thursday, July 03, 2014, 15:18

A massive fire broke out at the Life Insurance Corporation building in Kanpur, police said.

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

Dena Bank to raise Rs 366 cr from LIC, GIC in preferential issue

Last Updated: Tuesday, March 25, 2014, 14:14

Life insurance giant LIC will be putting in Rs 282 crore as part of the capital raising programme, while GIC will invest Rs 84 crore, the city-based lender said in a statement.

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.

LIC buys 4.66% stake in BHEL for Rs 1,889 cr

Last Updated: Tuesday, March 04, 2014, 13:56

Life Insurance Corporation has bought shares worth Rs 1,889 crore, about 4.66 percent stake, in state-owned power equipment maker BHEL through an open market transaction.

LIC invests Rs 35,293 cr in 9-month of FY'14

Last Updated: Sunday, March 02, 2014, 12:03

Country's largest insurer Life Insurance Corporation (LIC) has invested Rs 32,293 crore in the stock market in the nine months of 2013-14 and will invest another Rs 2,000 crore during this month for picking 5 percent stake in power equipment manufacturer Bhel.

IOB to raise Rs 400 cr by selling shares to LIC

Last Updated: Monday, February 10, 2014, 17:00

State-owned Indian Overseas Bank today said it plans to raise Rs 400 crore by selling shares on preferential basis to Life Insurance Corporation.

LIC raises stake in IGL to 7.2%

Last Updated: Sunday, February 09, 2014, 12:11

Prior to this, the nation's largest life insurer held 7.13 million shares of IGL.

LIC outshines pvt insurers in 9-month premium collection

Last Updated: Sunday, February 02, 2014, 12:44

Although 23 private sector insurance companies taken together recorded a flat growth, Reliance Life, Max Life and MetLife bucked the trend by recording growth in new business premium.

LIC has biggest tax demand of Rs 7000 crore in the country

Last Updated: Friday, January 31, 2014, 19:53

Life Insurance Corporation of India, the largest insurer of the country, has over Rs 7,000 crore in tax demand pending against it, the biggest across various categories.