Hindustan Aeronautics Limited IPO Message Board (Page 4)

LIC has too much fund to invest. Why LIC sell this stock in loss?

LIC invested as QIB, QIBs can not sell on listing day, it has share lock in period of 30 days

It might be turning from (L)ife (I)nsurance (C)orporation to (L)oser (I)vestments (C)orporation... with claim settlement ration down from over 90% to 9%... Jai Ho! Jet Lee action flick...

LIC never sells. They are all long term investors. Please wait for anchor investor allotment list which will be declared one day before listing.

Dear Mr Cool
LIC is not having its own money, Its all investor's money and LIC is playing with that money. It is in a better position to declare higher dividend / Bonus but instead using this moneu to appease Govt. Same thing now started by Mutual funds also.

LIC is not a public company yet and policy holders are not investors in LIC. LIC is just a service provider for policy holder nothing beyond that. Public sector companies are known to hoard cash instead of giving it to share holders. Policy Dividend declaration is discretionary not committed. Even shares dividend payment are also discretionary and many private companies also do not give much dividend even when they have trucks load of cash.

LIC is not trying to appease anyone but they do not have any option but to follow orders/dictats and we all know where orders come from. It is the responsibility of order giver to ensure that resources of PSU are not misused but as long as electorate can be fooled to remain in power.....RESPONSIBILITY will just remain a word

Please check out Jagmon Mundhra Scam ..
Subtitue, Mundhra with GOI. This is the present state of UTI because for last 10 yrs every ipo/fpo of govt cos have given investors losses ,, Only difference is policyholders will be shocked when they get the surrender value or maturity value in 2 or 3 decades and it can be run like a mega ponzi scheme till its balance sheet and returns performance are not out in public.

UTI, LIC and GIC made an investment of Rs 945 crore at Rs 385 in RIL. UTI's investment alone aggregated Rs 775 crore, with a lock-in of five years, at above mkt prices with a 5yr lockin The UTI chairman then was Mr S.A. Dave.FM was MM Singh.

UTI and UTI 64 small investors were ruined by similar behavior of prev govts .. it was not just k10 duds like hfcl n silverline n satyams but uti took a big valuation hit due to its PSU portfolio n Reliance investment considering the tactics and duplicate shares mess

Although the Central Bureau of Investigation, which probed the case in 1994-95, sought the approval of the Government to prosecute some top UTI officials, the Finance Ministry did not agree. This was during the tenure of Dr Manmohan Singh. Subsequently, the agency pursued the case again in 1997, but was denied permission to take further action against the officials.

What a coincidence! Check my earlier posts regarding hal jets crashing down and subscription figures.... Hail Jet Lee! Hail HAL the robot! LIC and GIC should be sending inspection team by now to assess and settle claim for the damage...

And of course, my style of writing is different, through lighter tones, rhetoric, jokes, etc...

Hmm... Jet Lee won''t be happy with you for withdrawing your application for his Jet making company... (name says it all...)

Yea, I think HAL is a failure even if it sails through...very much overrated by many.