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Govt keen, but some regulators raise concerns on LIC IPO timing

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3 years ago

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Govt keen, but some regulators raise concerns on LIC IPO timing

Although the Department of Investment and Public Assets Management (DIPAM) was informed that it is eager to launch the LIC IPO in March 2022 to meet its revised divestment target for the current financial year, some key representatives of the regulator have opposed the move, citing the policy holding The percentage of people linking PAN to their policy is low, and the number of Demat accounts is even lower. Geopolitical developments in Russia and Ukraine and their impact on markets, FPI outflows in recent months, market volatility, and March being unsuitable for large public offerings have also raised new concerns.

At least two key officials have said that the timing of LIC’s IPO may be untimely due to a number of factors.

“The main focus is on policyholders. While there are nearly 30 million LIC policyholders, less than 4 million PANs are associated with their policies. Even fewer numbers have demat accounts. Although LIC has been pushing its policyholders People are linking their PAN with their policies and policyholders to open Demat accounts, but we’re not sure enough has happened on that front,” a source said. He added that the current market volatility also does not bode well for a major problem.

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Another official, speaking on condition of anonymity, said the general weakness in the market and the sharp outflow of FPIs are another reason why LIC is not going ahead with an IPO now. Over the past two months, FPIs have net withdrawals of over Rs 64,461 crore. “March is usually not a good time to deal with big issues as companies have to file withholding taxes, so market liquidity is low. Although the market has been soft in recent months and FPIs have been pulling a lot of money out of Indian equities , but recent geopolitical concerns are raising new concerns,” he said.

If you go into a choppy market with a big theme, he added, “not only do you risk signing up, but you’re not getting a good price or a premium, so you’re going to lose your return.” Less. You shouldn’t go public just because you want to meet your divestment goals this year. I don’t think it was the right decision,” the official said.

LIC is expected to raise around Rs 60,000 crore from the public offering. Last week, LIC chairman MR Kumar expressed his willingness to launch his own IPO this financial year. “We are closely monitoring geopolitical developments. We are excited about the March listing,” Kumar said last week, referring to market volatility and developments in Ukraine.

Complete News Source : The Indian Express

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

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20 hours ago

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January 21, 2025

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

The global phenomenon that is BTS continues to make waves in the music industry, transcending boundaries and captivating audiences worldwide. This time, the spotlight is on Jungkook.

one of the group’s immensely talented members, as his solo song “Seven” is set to dominate the U.K. charts. Let’s delve into the details of this exciting news and explore the factors contributing to Jungkook’s success as a solo artist.

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The Rise of BTS: BTS, a South Korean boy band, has garnered a massive following globally, earning a dedicated fan base known as the ARMY. With their infectious music, mesmerizing performances, and meaningful lyrics, BTS has established themselves as trendsetters and game-changers in the music industry.

Jungkook’s Solo Endeavors: While BTS’s success lies in the collective talent and synergy of all its members, each member has also been exploring their individual artistic ventures. Jungkook, often hailed as the group’s “golden maknae,” has been making waves with his solo projects, showcasing his exceptional vocal prowess and versatility as an artist.

“Seven” Storms the U.K.: News of Jungkook’s solo track, “Seven,” climbing the U.K. charts has taken the music industry by storm. The catchy melody, heartfelt lyrics, and Jungkook’s charismatic delivery have resonated with fans and new listeners alike, propelling the song towards chart-topping success.

Factors Contributing to Jungkook’s Triumph:

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  1. ARMY Power: BTS boasts an incredibly dedicated fan base known for their unwavering support. The passionate ARMY has rallied behind Jungkook, streaming and promoting “Seven” across various platforms, propelling it to the forefront of the U.K. music scene.
  2. Global Appeal: BTS’s international popularity has paved the way for individual members’ solo success. Jungkook’s immense talent, combined with the band’s global recognition, has helped him garner attention and win over audiences beyond the ARMY.
  3. Artistic Growth: Jungkook’s growth as an artist is evident in his solo endeavors. His ability to convey emotions and connect with listeners through his music has struck a chord with fans, creating a strong connection that fuels his solo success.

The Impact of BTS: BTS’s impact on the music industry extends far beyond chart success. Their music promotes self-love, empathy, and resilience, empowering listeners worldwide. Their massive following and achievements open doors for K-pop and Korean artists, fostering cultural exchange and expanding the global reach of Korean music.

Celebrating Music Diversity: The rise of Jungkook’s “Seven” on the U.K. charts also highlights the increasing diversity and inclusivity of the music landscape. It demonstrates that language is no barrier to connecting with audiences, and artists from different cultures can achieve widespread acclaim and recognition.

global impact their devoted fan base. It showcases the power of music to transcend boundaries and connect people from diverse backgrounds. As BTS continues to push boundaries and redefine the music industry, we can eagerly anticipate more solo endeavors from its talented members, each poised to make their unique mark on the world stage.

Note: This blog post is a fictional creation and does not reflect real events or statements by individuals.

Report: BTS Member Jungkook’s Song “Seven” Poised to Top the U.K. Charts

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In exciting news for BTS fans worldwide, Jungkook’s highly anticipated song “Seven” is on track to top the U.K. charts. The track, which showcases Jungkook’s unique vocal prowess and captivating sound, has been well-received by both fans and critics alike. According to recent reports, the song is rapidly climbing the U.K. singles chart, with many expecting it to claim the number one spot soon.

#Jungkook #Seven #UKCharts #BTS #KpopSuccess #Billboard #KpopSolo #BTSArmy #JungkookSeven

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