Life Insurance Corporation of India is currently trading at Rs. 795.25, up by 30.70 points or 4.02% from its previous closing of Rs. 764.55 on the BSE.
The scrip opened at Rs. 805.05 and has touched a high and low of Rs. 820.05 and Rs. 789.00 respectively. So far 757328 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 820.00 on 14-Dec-2023 and a 52 week low of Rs. 530.20 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 818.90 and Rs. 746.15 respectively. The current market cap of the company is Rs. 502995.44 crore.
The promoters holding in the company stood at 96.50%, while Institutions and Non-Institutions held 0.94% and 2.56% respectively.
The Department of Economic Affairs, Ministry of Finance has granted one-time exemption to Life Insurance Corporation of India (LIC) to achieve 25% Minimum Public Shareholding (MPS) within 10 years from the date of listing i.e., till May 2032 under Rule 19A (6) of the Securities Contract (Regulations) Rules (SCRR) 1957.
The rule states that an entity with a market cap of more than Rs 1 lakh crore must have a minimum 25 per cent public shareholding within five years of listing. LIC listed on the bourses on May 17, 2022, which requires it to meet the 25% public shareholding norm by 2027. However, the life insurance giant has been given an extension of 10 years from the date of listing and now has a May 2032.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and Investment Company.
| Company Name | CMP |
|---|---|
| ICICI Prudential | 513.50 |
| General Ins. Corp | 398.00 |
| Star Health & Allied | 508.50 |
| Niva Bupa Health Ins | 76.61 |
| ICICI Lombard Gen. | 1765.00 |
| View more.. | |
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