in

Down practically 8% at closing bell, LIC provides to poor itemizing scorecard of PSUs

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Life Insurance coverage Company of India’s (LIC’s) tepid inventory market debut provides to the weak itemizing scorecard of public sector undertakings (PSUs). Most giant floats by the federal government have didn’t create long-term wealth for traders. For example, shares of Coal India, second-largest PSU IPO after LIC, are presently down 25 per cent over their problem value.

The inventory received listed in November 2010. Shares of Basic Insurance coverage Company of India (GIC RE) and The New India Assurance Firm—which listed in 2017—are down 74 per cent every. There are some …




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First Revealed: Tue, Could 17 2022. 17:57 IST



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