1 min read.Updated: 17 May 2022, 10:37 AM ISTLivemint
LIC shares made a lacklustre debut by listing at discount to IPO issue price
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State-run insurer Life Insurance Corporation of India (LIC) shares plunged as much as over 9% to ₹860 as compared to IPO price of ₹949 in its trading debut after a record initial public offering (IPO) that priced at the top of the range and was oversubscribed nearly three times.
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