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LG Electronics India has filed a draft red herring prospectus with Sebi for a public issue expected to exceed Rs 15,000 crore, positioning it among India's largest IPOs alongside major firms like Hyundai Motor India and LIC. The offer will consist of up to 10.18 crore equity shares, with no proceeds going to the company. Lead managers for the issue include Morgan Stanley, JPMorgan, Axis Capital, BofA Securities, and Citi.
The F&O segment is set to welcome 45 new stocks, increasing the total to 223 available for trading. Key names include LIC, Jio Financial Services, BSE, Avenue Supermarts, Adani Energy Solutions, Adani Green Energy, Nykaa, Paytm, YES Bank, and Zomato. It remains uncertain if any existing stocks will be excluded as the NSE reviews its indices biannually.
LIC's potential acquisition of a 50 percent stake in ManipalCigna Health Insurance could significantly disrupt the health insurance sector, offering new growth opportunities for the state-owned insurer. Following the news, LIC shares rose over 2 percent, while competitors like Star Health and Niva Bupa saw declines. Analysts warn that standalone insurers may need to diversify into life insurance to avoid losing revenue streams amid intensified competition from LIC's entry.
Yes Securities has added LIC to its buy list, setting a target price of Rs 1175 per share. The company has overcome previous APE growth slowdowns and is now experiencing significant year-on-year VNB growth, alongside effective cost management reflected in its reasonable expense ratio.
LIC is in talks to acquire approximately 50% of ManipalCigna, marking its entry into the health insurance sector. This move is part of LIC's strategy to diversify beyond its traditional life insurance offerings. Both parties have signed a non-disclosure agreement as discussions progress.
Stocks in focus today include LIC, which has appealed a GST demand of Rs 104 crore for FY 2019-20, along with interest and penalties. Integrated Proteins has issued up to 2 crore convertible equity warrants to a non-promoter entity for Rs 11.25 each.

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