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LIC IPO: State-run insurer seeks ₹65,400 cr from listing as roadshows start

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LIC IPO: State-run insurer seeks ₹65,400 cr from listing as roadshows start

The Indian life insurer intends to raise about 654 billion rupees ($8.7 billion) through the IPO, according to people familiar with the matter.

Shares in the state-owned insurer could be priced between 2,000 and 2,100 rupees, with some retail investors set to receive rebates, the people said, asking not to be named because the deliberations are private. They added that the offering is scheduled to take place between March 10 and 14 if regulatory approvals are obtained in time.

A roadshow has already begun and pricing could change after evaluating investor interest and negotiating with the government that owns the LIC, the people said.

According to budget estimates, Prime Minister Narendra Modi’s government needs about 63,000 crore to meet its asset sale target by the end of March. India is pushing ahead with the country’s largest initial public offering, a tall order made more difficult for investors due to inflation concerns and a challenging global market.

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LIC is aiming to distribute 16.940 billion pounds of shares to anchor investors on March 9, the people said.

A representative for LIC did not immediately respond to an email seeking comment.

Complete News Source : Mint

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10 best activities hacks for the better lifestyle for Business Managers.

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10 best activities hacks for the better lifestyle for Business Managers.

Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.

Mindfulness at Work lifestyle

Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.

Regular Exercise Breaks

Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.

Nutrition and Healthy Eating

Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.

Time Management Workshops

Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.

Skill Development Seminars

Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.

Flexible Work Arrangements

Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.

Social Engagement

Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.

Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.

Pursuing Hobbies and Interests

Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.

Encouraging Employee Wellness

Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.

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