The NCDs will be listed on the wholesale debt market segment of BSE Limited, the filing added.

The so-called embedded value of Life Insurance Corp. of India is likely to be more than 4 trillion rupees, and its market value could be about four times that amount, the people said, asking not to be identified as the discussions are private. Once the final report is in, the valuation the government is seeking could change.

The company’s board set 12 January as the record date as of which shareholders of 10 equity shares of Rs 1 face value in GIL will receive one equity share of Rs 5 face value in GPUIL.

Post conversion, the government would likely hold around 35.8 per cent of the total outstanding shares

The S&P/ASX 200 index ended 0.66% higher at 7,438.9 after falling for two straight sessions.

The blue-chip CSI300 index rose 1%, with the consumer staples sector up 1.06%, resources firms up 2.63% and industrial firms up 2.28%.

"For Tier-1 companies, the overall growth could be about 4.2% on a constant currency. Tier-2 companies would do even better than the Tier-1 companies."

A total of 6,534 shares changed hands on the counter till 01:44PM (IST).

The benchmark Nikkei index rose 1.92 percent, or 543.18 points, to 28,765.66, while the broader Topix index added 1.64 percent, or 32.54 points, to 2,019.36.

The Antara Movie NFT is the first NFT that allows buyers to digitally part-own rights of the Hollywood movie. This would enable holders to partake in box office and streaming revenues.