LIC to debut on the stock market on May 17

The country's largest insurer LIC will list its shares on the stock exchanges on Tuesday, May 17, after witnessing a good response from domestic investors in the initial share sale, which fetched Rs 20,557 crore to the government. The government...

LIC to debut on the stock market on May 17

 

 

 

 

 

THE country's largest insurer LIC will list its shares on the stock exchanges on Tuesday, May 17, after witnessing a good response from domestic investors in the initial share sale, which fetched Rs 20,557 crore to the government.

The government had fixed the issue price of LIC shares at Rs 949 apiece for allotment to investors.

LIC policyholders and retail investors have got the shares at a price of Rs 889 and Rs 904 apiece, respectively, after taking into account the discount offered.