ONE OF THE mega events in 2022 for the stock markets was the listing of Life Insurance Corporation of India (LIC). It was not the first time that an insurance company had got listed in India, but what created the euphoria and excitement around it was the sheer size and scale of its operations. Consider this: The behemoth insurer alone had assets under management worth ₹41 lakh crore in FY22, which is more than the current (October) market size of the entire mutual fund industry of ₹39.50 lakh crore. Not to mention, it has a huge policyholder (lives insured) base of 280.7 million, 1.33 million agents and 104,036 employees spread across the length and breadth of the country.
Therefore, when the government announced its plans to list LIC, one question everyone had was how the company would unlock its huge value. The size of the company was one challenge but at the same time, dealing with the complexities of the insurance business was another. Finally, following analysts’ meets and road shows across the country, the government-owned insurer listed 3.5 per cent of its equity on May 17, 2022, which made it one of the most valuable companies after Reliance Industries, TCS, Infosys and HDFC Bank, among others.
Bu hikaye Business Today India dergisinin December 11, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Today India dergisinin December 11, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky
