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| Name | LIC slumps in stock market debut after record-breaking IPO | Key Details |
| Video Uploader | Video From Hindustan Times |
| Upload Date | This Video Uploaded At 17-05-2022 09:35:10 |
| Video Discription | Life Insurance Corporation slumped on its market debut after a record-breaking IPO last week. The shares in the state-owned insurance giant slid to as much as 9.4 % to ₹860 in Mumbai against the issue price of ₹949 in the first hour of trading, according to a Bloomberg report. Last week, the Modi government raised $2.7 billion by selling 3.5 % of Life Insurance Corporation of India. But it was forced to cut back the offer from a planned 5 % after markets turned volatile. LIC policyholders and retail investors had got the shares at a price of ₹889 and ₹904 apiece. Watch the full video for more. #LIC #LICIPO #ShareMarket #LICmarketdebut |
| Category | News & Politics |
| Tags | LIC IPO | LIC market debut | LIC policyholders | lic | modi government |
