LIC IPO News Ahead of the launch of the IPO, Life Insurance Corporation of India (LIC) has released a new mobile app Pragati (Performance Review Application Growth and Trend Indicator) for the use of its Development Officers.
Ahead of the launch of the IPO, Life Insurance Corporation of India (LIC) has released a new mobile app ‘Pragati’ (Performance Review Application, Growth and Trend Indicator) for the use of its Development Officers.
Apart from monitoring the Pragati app, the company will provide various information like updating real time information about the performance of its workforce in critical areas of business performance like premium collection and agency activation, the company said in a statement. LIC is undertaking several customer centric and digital initiatives for ease of operations for its customers and field staff.
Tell that the government is going to bring IPO of LIC. For this, the Modi government has appointed 10 merchant bankers including Goldman Sachs (India) Securities, Citigroup Global Markets India and Nomura Financial Advisory & Securities India to manage the initial public offering (IPO) of the country’s largest insurer LIC.
Other bankers who have been selected to manage the mega IPO include SBI Capital Markets, JM Financial, Axis Capital, BofA Securities, JP Morgan India, ICICI Securities and Kotak Mahindra, according to a circular posted on the website of the Department of Disinvestment. Capital Company Ltd. Are included.
Tuhin Kant Pandey, secretary, Department of Investment and Public Asset Management (DIPAM), tweeted that the government has selected book running lead managers and other advisors for LIC’s IPO. The Department of Disinvestment had invited applications for the appointment of merchant bankers on July 15. Thereafter, 16 merchant bankers made a presentation for managing the IPO of LIC.
