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LIC Makes Tepid Market Debut, Lists At 8.62% Discount: Highlights
17 May 2022, 03:45 PM IST 
The Centre has raised around Rs 21,000 crore from selling a 3.5 per cent stake in LIC
Shares of Life Insurance Corporation of India (LIC) made a tepid debut on Indian stock exchanges today. The Centre priced LIC's record-breaking initial public offering (IPO) last week at Rs 949, the top of the indicated range. It has raised around Rs 21,000 crore from selling a 3.5 per cent stake in the state-owned insurer.
