LIC IPO Review: Attractive Pricing Leaves Scope of Initial Gains
Moneylife Digital Team 07 May 2022
In the largest initial public offering (IPO) ever, the government of India (GoI) is issuing shares of Life Insurance Corporation of India Ltd (LIC). LIC was incorporated in 1956 under the LIC Act by merging and nationalising 245 private life insurance companies in India. Since then, LIC had been offering life insurance products as a monopoly till the late-1990s when the insurance sector was...
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