Lic Trading Debut

Disappointed by a 7.8% plunge that made for the world's second-worst trading debut among large IPOs this year, shareholders of state-run Life Insurance Corp. of India will be counting on a bumper dividend if Prime Minister Narendra Modi's government wants them to stay put.

State-run insurer Life Insurance Corporation of India slumped in its Mumbai trading debut after a record initial public offering that priced at the top of the range and was oversubscribed nearly three times.

Life Insurance Corporation (LIC) is set to list its shares on stock exchanges today for trading after the initial public offering (IPO) received tremendous demand, with the issue oversubscribed nearly three times.

Disappointed by a 7.8% plunge that made for the world's second-worst trading debut among large IPOs this year, shareholders of state-run Life Insurance Corp. of India will be counting on a bumper dividend if Prime Minister Narendra Modi's government wants them to stay put.

State-run insurer Life Insurance Corporation of India slumped in its Mumbai trading debut after a record initial public offering that priced at the top of the range and was oversubscribed nearly three times.

Life Insurance Corporation (LIC) is set to list its shares on stock exchanges today for trading after the initial public offering (IPO) received tremendous demand, with the issue oversubscribed nearly three times.