THE LISTING OF Life Insurance Corporation of India, or LIC, on May 17 was a momentous occasion for the Indian stock markets. Since then, the benchmark S&P BSE Sensex has lost a little over 5 per cent, while the LIC stock is down nearly 30 per cent from its issue price of ₹949.
Policyholders and employees of the insurance major, in which the government still owns 96.5 per cent, can take solace in the fact that they were allotted shares at a discount of ₹60 from the issue price. But, if they still hold those shares, then nearly one-fourth of their wealth has already been wiped off.
Bu hikaye Business Today India dergisinin July 10, 2022 sayısından alınmıştır.
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Bu hikaye Business Today India dergisinin July 10, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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