News > LIC Shares Make Tepid Market Debut, List At 8.62% Discount

LIC Shares Make Tepid Market Debut, List At 8.62% Discount

CNBC TV18 | 17/05/2022 10:26 AM | Click to read full article

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 ₹ 949, the top of the indicated range.

It has raised around ₹ 21,000 crores from selling a 3.5 per cent stake in the state-owned insurer.