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The CBI searched 17 locations tied to Reliance ADA Group as part of seven fraud cases filed on complaints from Public Sector Banks and LIC. The alleged frauds involve thousands of crores of rupees, and the searches mark an escalation from inquiry to active enforcement.
India's Finance Ministry has amended FEMA rules to allow 100% FDI in insurance, up from the prior 74% ceiling, with a separate 20% cap retained for LIC. The change lets foreign insurers own Indian subsidiaries outright, removing the need for local joint-venture partners and lowering barriers to entry.
India has notified 100% FDI in insurance under the automatic route, letting foreign investors fully own Indian insurers without prior approval. The change opens the door for JV buyouts and new entrants, though LIC retains its separate 20% FDI cap.
Temasek, LIC, and a Canadian pension fund plan to sell stakes in NSE's IPO, valuing the exchange at $55 billion with the share sale sized at $2.75 billion. The listing would rank among India's largest IPOs and bring the country's dominant stock exchange into public markets.
LIC's board approved a 1:1 bonus issue, sending shares up 5% to ₹841.30 and extending April gains to over 15%. The insurer will issue 632.49 crore new equity shares, doubling share count and raising paid-up capital to ₹12,649.99 crore. A record date for eligibility has yet to be announced.
LIC announced its first-ever 1:1 bonus issue, sending shares up over 5% on Wednesday. The capitalisation-of-reserves structure doubles shareholder share counts without a cash outflow, improving stock liquidity. Bonus shares are to be credited within two months of board approval, no later than June 12, 2026.
LIC's board has approved a 1-for-1 bonus share issue, creating over 632 crore new shares worth approximately ₹6,325 crore via capitalisation of reserves as of December 31, 2025. The move doubles the share count without cash outflow, improving secondary market liquidity while compressing per-share earnings metrics. A re
LIC's board approved a 1:1 bonus share issue, its first since the 2022 IPO, to be funded by capitalizing Rs 6,325 crore from reserves. The issue doubles outstanding shares, compressing per-share price and improving retail liquidity. Completion is expected within two months of board approval, by December 2025.
Tag
The CBI searched 17 locations tied to Reliance ADA Group as part of seven fraud cases filed on complaints from Public Sector Banks and LIC. The alleged frauds involve thousands of crores of rupees, and the searches mark an escalation from inquiry to active enforcement.
1mo ago · 2 min · Big Stories
India's Finance Ministry has amended FEMA rules to allow 100% FDI in insurance, up from the prior 74% ceiling, with a separate 20% cap retained for LIC. The change lets foreign insurers own Indian subsidiaries outright, removing the need for local joint-venture partners and lowering barriers to entry.
1mo ago · 2 min · Policy & Government
India has notified 100% FDI in insurance under the automatic route, letting foreign investors fully own Indian insurers without prior approval. The change opens the door for JV buyouts and new entrants, though LIC retains its separate 20% FDI cap.
1mo ago · 2 min · Policy & Government
Temasek, LIC, and a Canadian pension fund plan to sell stakes in NSE's IPO, valuing the exchange at $55 billion with the share sale sized at $2.75 billion. The listing would rank among India's largest IPOs and bring the country's dominant stock exchange into public markets.
1mo ago · 2 min · Markets
LIC's board approved a 1:1 bonus issue, sending shares up 5% to ₹841.30 and extending April gains to over 15%. The insurer will issue 632.49 crore new equity shares, doubling share count and raising paid-up capital to ₹12,649.99 crore. A record date for eligibility has yet to be announced.
2mo ago · 1 min · Markets
LIC announced its first-ever 1:1 bonus issue, sending shares up over 5% on Wednesday. The capitalisation-of-reserves structure doubles shareholder share counts without a cash outflow, improving stock liquidity. Bonus shares are to be credited within two months of board approval, no later than June 12, 2026.
2mo ago · 1 min · Markets
LIC's board has approved a 1-for-1 bonus share issue, creating over 632 crore new shares worth approximately ₹6,325 crore via capitalisation of reserves as of December 31, 2025. The move doubles the share count without cash outflow, improving secondary market liquidity while compressing per-share earnings metrics. A re
2mo ago · 1 min · Business
LIC's board approved a 1:1 bonus share issue, its first since the 2022 IPO, to be funded by capitalizing Rs 6,325 crore from reserves. The issue doubles outstanding shares, compressing per-share price and improving retail liquidity. Completion is expected within two months of board approval, by December 2025.
2mo ago · 1 min · Markets
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