Thin slice of LIC1 min read 27 Apr 2022, 11:19 PM IST
LIC shares have intrinsic value, as they embody a right to a slice of its earnings in perpetuity that aren’t subject to market fluctuations. Dividends could rise if post-listing market discipline spurs efficiency at LIC, but with such a thin slice of ownership going public, this effect will be muted
After a long wait, Life Insurance Corp. (LIC) of India’s initial share sale is at last set to open for subscription next week. A reduced 3.5% stake will be sold in a band of ₹902-949 per share to help the government raise about ₹21,000 crore. Apart from the issue size, its valuation has also been lowered.
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