The Indian government plans to sell a 5% stake in LIC to raise approximately $10 billion in an IPO, seeking a valuation of at least $200 billion for LIC. Geopolitical tensions surrounding the Russia-Ukraine conflict have caused stock markets to fall sharply due to concerns over a potential Russian invasion. Jio Platforms has formed a joint venture with SES to enter the satellite internet business through the launch of a new broadband company providing satellite-based connectivity.

1. Weekly
News
21st February 2022
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)

2. Snapshot
Govt. to sell 5% Stake in
LIC
LIC IPO
Russia-Ukraine Crisis
Geopolitical issues keeping
markets at edge
Jio’s New Joint Venture
Jio to launch satellite
based broadband company
1
2
3
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)

3. Govt. to sell 5% Stake in LIC
● Centre aims to raise about ₹75,000 cr. in India’s largest-
ever initial public offering thus seeking a valuation of at
least Rs. 15 trillion.
● The portion reserved for staff will not exceed 5% of post-
offer equity share capital and may be offered at a
discount.
● Policyholder reservation portion will not exceed 10% of
the size and may also be offered at a discount
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)

4. Geopolitical issues keeping markets at
edge
● Indian stocks slumped 3% on 21st Feb after the US
warned on the day before that Russia could invade
Ukraine, sending global stock markets tumbling and crude
prices higher.
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)

5. Jio to launch satellite based broadband
company
● Jio Platforms has launched a joint venture (JV) with
European satellite-based broadband service company
SES to enter the satellite internet space.
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)

6. Share it with your friends
Any Enquiries, Contact us
info@finatoz.com
+91 9916055544
www.finatoz.com
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)