News > LIC share price falls to new low as anchor investors' lock-in ends today

LIC share price falls to new low as anchor investors' lock-in ends today

Dailymailindia | 13/06/2022 11:56 AM | Click to read full article

Shares of Life Insurance Corporation of India (LIC) hit a fresh record low of ₹682 on the BSE in opening deals as the 30-day lock-in period for anchor investors ends today. Anchor investors, who bought over 59 million shares, can sell their shares in the open market from Monday. 

Anchor investors are high-profile institutional investors that are allotted shares before the subscription opens for retail.