Kickstarted on June 23, LIC is holding international roadshows in Hong Kong, Singapore, the UK, and other nations to create awareness among global investors post-listing of shares. The stock is currently down more than a third of its value compared to the issue price of INR949. The non-deal roadshows will offer investors a comprehensive look at the company’s story.
‘Once bitten, twice shy’ that’s how one would describe the investors of Life Insurance Corporation (LIC). As the shares of the country’s life insurance behemoth struggle to gain their issue price — down more than a third of their value compared to the issue price of INR949 — the finance ministry is busy conducting roadshows overseas to attract global investors. The move is aimed to help improve LIC’s market performance. The insurance company is
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