Saturday, March 6, 2021

Removed barrier to LIC IPO!

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Prime Time Zone, Webdesk: The Securities and Exchange Board of India (SEBI) has relaxed the rules regarding the listing of iconic companies. This paved the way for the Life Insurance Corporation (LIC) IPO. The regulator said large companies can now allocate at least 5 per cent instead of 10 per cent to come to IPOs. In addition, SEBI said in a statement that it would be able to allocate 25 per cent stake to the public in five years instead of three. With the change in these rules, large companies will face difficulties in terms of market listing. Company size has become an obstacle for LIC to enter the stock market. Because according to the old rules if it comes into the market Rs. More than one lakh crore will be required. Markets cannot tolerate this amount. Simplified the rules in this order. In addition, it simplified the rules on public equity as the market capitalization increased after the IPO. In the current circumstances, this decision will be of great benefit to LIC.

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Deluded, Gilberto evaluates Viih Tube as an ‘example’ to be followed on BBB21

Without knowing the real behavior of Viih Tube at Big Brother Brasil 21, Gilberto Nogueira evaluated the creator of...

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Removed barrier to LIC IPO!