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Street Buzz: LIC IPO likely from 10 March, issue size seen at Rs 65,400 crore; Check out more

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Street Buzz: LIC IPO likely from 10 March, issue size seen at Rs 65,400 crore; Check out more

The IPO of Life Insurance Company of India (LIC) is likely to take place between March 10 and 14, and according to market rumors, the share sale could be worth around Rs 65,400 crore in the price range of Rs 2,000-2,100 per share rupee.

Earlier, the government filed a draft LIC document for the country’s largest IPO on Sunday, denying rumours of an offering date, saying any valuation decision would be made after a roadshow with investors and the listing would be completed in March.

However, speculation is rife about key aspects of the public offering, which could reserve 316 million shares for LIC’s 283 million policyholders.

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The state-owned insurance giant, which has the nation’s largest network of 1.35 million registered agents, will try to lure policyholders to the IPO with a rumored 10 percent discount. To be sure, many policyholders will be first-time investors in the stock.

Let’s take a look at the LIC public release rumor mill in overdrive.

Issue Opens: March 10 

Issue Closes: March 14 

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Issue Price: Rs 2,000-2,100 per share

Issue Size: 31,62,49,885 shares

Offer-for-Sale: 31,62,49,885 shares which is equal to Rs 65,416.29 crore

Discount: 10 percent for employees and policyholders

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Price Band Announcement: March 7 

Anchor Investors Allotment: March 9

Market Lot: Seven shares

Employees: 1.58 crore shares (10 percent discount = Rs 1,890)

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Policyholders: 3.16 crore shares (10 percent discount = Rs 1,890)

Anchor: 8.06 crore shares = Rs 16,935.18 crore 

Qualified Institutional Bidder: 5.37 crore shares = 11,290.12 crore 

Non-Institutional Investors: 4.03 crore shares = 8,467.59 crore 

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Retail Individual Investor: 9.41 crore shares = 19,757.71 crore Listed Peers: SBI Life Insurance Company, HDFC Life Insurance Company, ICICI Prudential Life Insurance Company

Complete News Source : Money Control

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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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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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