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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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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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3 days ago

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December 19, 2024

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Stephanie Hsu and Zosia Mamet talk about their new series Laid, and some of the horrors of dating as millennials.
Imagine a scenario where anyone and everyone you have ever been intimate with begins to die one by one. Is it a curse? If yes, then who is cursed? These are questions that Stephanie Hsu‘s Ruby battles with in the new zany comedy, Laid. Ahead of the show’s release, Stephanie and co-star Zosia Mamet spoke exclusively with HT about their roles, the show’s unique premise, and the horrors of dating as millennials. (Also read: Dune: Prophecy star Emily Watson on working with Tabu: ‘She is a true treasure’)

Stephanie Hsu on her character’s flawed morality

Laid, created by Nahnatchka Khan and Sally Bradford McKenna, is the story of Ruby (Stephanie Hsu), who discovers that all her sexual partners are dying one by one, and she must warn them. Helping her in this unique quest is her best friend AJ (Zosia). The fun thing about Laid is that the protagonists are not the usual likeable characters. “She is totally an anti-hero of our story. I really love that,” says Stephanie, referring to Ruby’s moral greyness. “I am not a perfect person and I love playing flawed characters. But it was difficult. The creators told me that she is a total narcissist. But narcissists don’t think they are one, so I had to figure out a way to love her. For me, playing Ruby was about getting into her psychology and finding the innocent part of her – which is that she just wants love,” the actor adds.

While sitcoms usually add the best friend as the voice of reason trope, Laid diverges from that, with AJ even zanier and more morally ambiguous than Ruby. Talking about playing such a colourful character, Zosia Mamet says, “When you play not-so-likable or zany characters, people don’t believe they are that way. I don’t think AJ wakes up every morning and thinks, ‘I am absolutely crazy’. It’s about trusting the writing and finding an organic way into these characters to make them seem grounded, real, and relatable.”

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Stephanie, Zosia reveal the worst gifts they received from partners

In Laid, Ruby gives the gift of death to the men she is with, even if that is inadvertent. Ask the women about the worst ‘gift’ a partner has ever given them, and the discussions veer into the unusual horrors of modern-day dating. “I got a vintage wooden duck decoy from someone. It was broken, and I thought, ‘What does this say about our relationship?’. They didn’t know me well enough to know if I’d want this but also that they gave me something old and ailing,” Zosia says with a laugh.

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