Life Insurance Corporation of India (LIC) shares made a warm debut on the stock exchange today, registering at a discount for the IPO price. Insurance giant shares began trading in BSE and NSE on Tuesday morning at RS 872 per share, down 8.11% of the IPO price of RS 949 per share. The stock traded […]
Bottomline | LIC IPO: big test for India
Did you know that the Life Insurance Corporation of India (LIC) is amalgam from 245 entities, including 154 life insurance? They were tied together by parliamentary actions in September 1956, after several private insurance companies were found fraud. At present, more than 20 years since the private sector has entered Fray, LIC still ordered the […]