Shareholders of LIC, the country's largest life insurance company, are left disappointed from its underperformance post listing
In the grey market shares of LIC are trading at Rs 1019 per share a premium of Rs 70 or almost 7.5%
Price band for the insurance giant has been fixed at Rs 902-949 per share. However, the company has announced a discount of Rs 45 for retail investors
LIC has a market share of 64.1% in terms of premium. This share is 66.2% in the New Business Premium segment.
The government's disinvestment objective of Rs 1.75 lakh crore for 2021-22 will be dependent on LIC's listing (April-March).
Customers who wish to link their updated PAN to their LIC policy policies can do so in four simple steps on its website.
LIC will deploy its 22.8 lakh agents to spread awareness about the benefit of investing in the stock market
The modification in the distribution ratio won’t significantly affect the policyholders.
In its letter, LIC has warned that action will be taken against those who share unverified information on the IPO