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The Indian government is planning to sell a stake worth $1-1.5 billion in Life Insurance Corp (LIC) by year-end to increase its public float to 10%. Roadshows are expected soon to gauge investor demand for the sale, which will be conducted in multiple tranches to avoid impacting the stock price.
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News and Media
Securities and Exchange Board of India has eased mutual fund unit transfers. Investors can now gift units or add joint holders without a demat account. This facility is available for most schemes, excluding ETFs and certain solution-oriented funds. Transfers are processed via registrars and transfer agents. Both parties need valid KYC and folios.
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News and Media
Orkla India is set to launch its IPO, aiming to raise 1,668 crore by offering shares. The company, known for brands like MTR and Eastern, has seen revenue and profitability growth over the past three years. With a strong base in South India and significant export presence, investors with a high risk appetite may find this a long-term opportunity.
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News and Media
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