LIC shares fell nearly 8 per cent after the government launched an Offer for Sale to divest up to 6.5 per cent stake. The discounted floor price and increased share supply weighed on sentiment as the divestment supports SEBI’s public shareholding norms
Mumbai: Share price of Life Insurance Corporation of India (LIC) slumped to a record low of Rs 782.45 on Monday, which is 17.55 per cent down from its IPO issue price of Rs 949. At 1.27 pm on the BSE, Life Insurance Corporation of India’s share was trading 2.01 per cent down at Rs 784.15. […]
New Delhi: Life Insurance Corporation (LIC) has set its price band for the Initial Public Offer (IPO) at Rs 902 to Rs 949 per equity share. The public offer starts on May 4 and will remain open for bidders till May 9, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said […]
