LIC, India's largest-ever IPO, comes to market at the wrong time, says KPMG1 min read 18 May 2022, 08:57 PM IST
It continues to remain a very strong company in the insurance sector and has more than 70% market share in India,” Srinivas Balasubramanian, senior partner and head of corporate finance at KPMG India, said
The initial public offering of Life Insurance Corporation of India (LIC) came at a time when market volatility is high and the country’s largest insurer’s business will continue to outperform with its dominant market share, according to KPMG.
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