Life Insurance Corporation

LIC IPO: The government plans to list LIC, which is held to be the country's largest listing, in the last quarter this financial year

The District Commission ordered LIC to pay and settle the claim under all the 13 policies

The meeting will also consider payment of dividend, if any, LIC said

Sharing embedded value expected to instill confidence in the markets about the insurer's transparency

Last year, the transfer of Rs 99,126 crore was for a nine-month period ended March 2021

The worst was that of chip manufacturer ASR Microelectronics, whose shares had slumped 34% in Shanghai during their trading debut in January following its $1.1 billion IPO

We will ramp up digital channels and make tactical tweaks on equity investments to please policyholders, said M R Kumar

Insurer owns shares aggregating Rs 7,000 crore

LIC listing: The debut was below expectations, and also lower than the discounted value at which shares were offered to policyholders (Rs 60 per share) and retail investors (Rs 45 per share)

LIC's discounted valuation didn't help

The poor listing is set to disappoint millions of small-time investors who bid enthusiastically for the issue because of their long and emotional association with the insurer and its products

Shares of much-anticipated Life Insurance Corporation of India (LIC) made a weak listing on the stock exchanges on Tuesday.

By Aftab Ahmed and Nupur Anand

The country's largest insurer LIC is the fifth most valuable company in the country with a market capitalisation of about Rs 5.54 lakh crore.

'Nobody can predict the market. We have been saying that it should not be held for a particular day but for more than a day,' Tuhin Kanta Pandey told reporters after the listing of LIC shares

Insurance stocks underperformed the frontline indices on Tuesday following a faded listing of state-run giant Life Insurance Corporation.

The scandal involved the finance ministry and a canny industrialist, and details were eventually brought into the limelight by Jawaharlal Nehru's crusading son-in-law

Volatility in global markets and selling pressure in the domestic stock market are likely to cast a shadow on LIC's listing

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"If you hold on to this stock for more than three years, you are likely to earn decent returns," says Vikas Gupta, founder and chief executive officer, OmniScience Capital on LIC being listed today