India's biggest-ever IPO, state-owned insurance giant LIC, fell seven percent from its flotation price of 949 rupees when it made its market debut Tuesday

[ad_1]

India’s biggest-ever IPO, state-owned insurance giant LIC, fell seven percent from its flotation price of 949 rupees when it made its market debut Tuesday – Copyright AFP Indranil MUKHERJEE

India’s biggest-ever IPO, state-owned insurance giant LIC, fell seven percent from its flotation price of 949 rupees when it made its market debut Tuesday.

The government raised $2.7 billion from the sale of 3.5 percent of its stake in Life Insurance Corporation of India as it seeks to fix tattered public finances.

The flotation, delayed from March due to market volatility and cut back in the face of limited demand, was oversubscribed nearly three times during the six-day application period.

The muted debut could test the patience of new shareholders as Prime Minister Narendra Modi seeks to sell off state assets to “monetise and modernise” nationalised companies and plug an estimated 16.6 trillion rupee ($213.5 billion) fiscal deficit.

Shares in LIC listed at a seven percent discount from its offer price of 949 rupees, before climbing slightly — though it remained well below the flotation price.

Founded in 1956 by nationalising and combining more than 240 firms, LIC was for decades synonymous with life insurance in post-independence India, until the entry of private companies in 2000.

It continues to lead the pack with a 61 percent share of the market in India, with its army of 1.3 million “LIC agents” giving it huge reach, particularly in remote rural areas.

But LIC’s market share has declined steadily in the face of competition from net-savvy private insurers offering specialised products.

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *

https://ilmukomunikasi.uad.ac.id/
https://hotelarjuna.com/
https://espotting.com/
https://32sing.com/
https://prime.edu.pk/blogs/
https://topfroosh.com/
https://zmart.hk/
https://shop.drdavidgilpin.com/
https://penzonerealty.com/
https://thefarmwifelife.com/
https://dominicandreamgirl.com/
https://menstruationstassen-test.com/
https://b4uage.com/
https://vignet.net/
https://neubau-immobilie-leipzig.de/
https://ttg.com.ar/
https://allindiastrengthwars.in/
https://psiquiatraenprovidencia.cl/
https://theusaage.com/
https://crazytraveldeal.com/
https://vegaviral.com/
https://losafoods.com/
https://saltandpepperideas.com/
https://mycrimea.online/
https://runwithyourheart.site/
https://laidegoldskinclinic.com/
https://fuelpumpexpress.com/
https://flughafen-taxi-muenchen.com/
https://2z25.com/
https://toshow.us/
https://cprnabzino.com/
https://apologetics.ro/
https://puppiesanimals.com/
https://grandkozmetik.mk/
https://virtusmurano.com/
https://henyodigital.com/
https://painfulparenting.com/
https://mold.maqopt.com.br/
https://shopmygear.com/
https://richiptv.com/
https://s3webservices.tech/
https://anhduongcompany.vn/
https://tonyslavin.com/
https://bestcardiologistnashik.in/
https://jeansjourney.us/
https://latisanery.com/
https://edeyselldigitals.com/
https://lynxlolerservices.co.uk/
https://theonenews.in/
https://veganscure.com/
https://baizelshoecare.co.za/
https://kmh-tea.com/
https://inland.website/
https://cryptoswaptrade.com/
https://saudepreciosa.com/
https://hiremedubai.com/
https://huntingsurvivors.com/
https://90s-shop.nl/
https://toffeehousesweets.com/
https://itn-info.com/
https://amaronilogistics.eu/
https://discimus.com.br/
https://runoved.ru/
https://panmarketllc.com/
https://agapelux.com/
https://snaptosign.com/
https://topnotchdealz.net/
https://mundoanimalperu.com/
https://mundoauditivo.com/
https://oncallorganicfood.com/
https://skyfood.co.uk/
https://saudecomgontijos.site/
https://pickandgofurniture.com/
https://byassa.ma/
https://agelessbeautylaserskinspa.com/
https://theidealseo.com/
https://bidkoin.id/
https://rblogistics.co.id/
https://dev.iphi.or.id/
https://iphijateng.or.id/
https://iteso.co.id/
https://movieland.id/
https://zteindonesia.co.id/
https://mail.pagtickets.com.br/
https://blogs.astroanupmishrji.com/
https://blogs.epistylar.com/
https://techfat.com/
https://smkn2jiwan.sch.id/
https://janestrinket.co.id/
https://tangerangmotor.co.id/
https://g4x.co.uk/
https://aahanagroups.com/
https://terraagrofertil.com.br/
https://freddypilar.com/
https://excellentnewspaper.com/
https://digitalalmighty.com/
https://tnlin.com/
https://ebookngo.com/
https://gailelaine.com/
https://kazexpert.kz/
https://www.supermaillot.com/
https://amorefitsport.com/
https://aott.com.au/
https://apruebaconnota.org/
https://au11arts.com/
https://binaclass.com/
https://cousinsvape.co.za/
https://c-sun.com.tw/
https://calirunners.shop/
https://djnativus.com/
https://exammatter.com/
https://fatlossfats.com/
https://fercomat.cl/
https://helloginnii.com/
https://heylookielookie.com/
https://hollyorchards.com/
https://getneuenergy.com/
https://geekgadgetshub.com/
https://lederbraun.de/
https://longhealthylives.com/
https://memory-trees.com/
https://newplans.gr/
https://reconstructfit.com/
https://solarandmore.com/
https://thepathmapper.com/
https://timepiececloset.com.au/
https://www.cuffknit.com/
https://stayingfit365.com/
https://dgboutique.site/
https://laronia.fr/
https://maninhorst.nl/
https://pro-dog.ru/
https://man2kolaka.sch.id/
https://dinkes.gresikkab.go.id/
https://hhanif.staff.ugm.ac.id/
https://komipa.ukm.undip.ac.id/
https://kharisma92.ac.id/
https://elkisi.sch.id/
https://dtp.bengkuluprov.go.id/
https://bppbapmaros.kkp.go.id/haloluhkan/
https://inspektorat.jogjaprov.go.id/
https://inspektorat.mamujutengahkab.go.id/
https://isqsyekhibrahim.ac.id/
https://ilmupolitik.uinsgd.ac.id/
https://kpi.staindirundeng.ac.id/
https://igtkiprovjateng.org//
https://tahfidzulquran.ukm.unair.ac.id/
https://sitazzahra.sch.id/
https://mtsdarussholihin.sch.id/
LIVETOTOBET
LIVETOTOBET
LIVETOTOBET
LIVETOTOBET
LIVETOTOBET
LIVETOTOBET
BINTANG4D
LIVETOTOBET
LIVETOTOBET
BINTANG4D
LIVETOTOBET
LIVETOTOBET
LIVETOTOBET
LIVETOTOBET
LIVETOTOBET
LIVETOTOBET
LIVETOTOBET
LIVETOTOBET
Totobet
RAJASLOT
RAJASLOT
RAJATOGEL
RAJATOGEL
Raja88
Raja88
rtppos4d
cytotec
jasa backlink pbn 10 ribu
bintang4dp
bintang4d
bintang4d slot dana
bintang4d slot gacor
bintang4d slot 10k
https://thurgoodmarshall.com/
https://powerstationofart.org/
Joker4d
Skmbet
Slot2d
POS4D
Slot Thailand
demo slot
slot mania
MAHJONG WAYS SENGTOTO
SENGTOTO
LOGIN EVOSTOSO
DAFTAR EVOSTOTO
jebol togel
mikatoto
Slot Gacor Hari Ini
mikatoto
PREDIKSI TOTO MACAU
Bet168
obat aborsi
cytotec
obat penggugur kandungan
slot thailand
dewalive
Slot Thailand
obat penggugur kandungan
akun pro malaysia
slot gacor 777
SINGASARITOTO
SINGASARITOTO
JUMBOTOTO
MAFIATOTO
KARTUTOTO
ASUSTOGEL
BAIM4D
Bimabet
hujantoto
bet168
TOP1TOTO
TOP1TOTO
TOP1TOTO
TOP1TOTO
TOP1TOTO
TOP1TOTO
TOP1TOTO
TOP1TOTO
OKBTOGEL
OKBTOGEL
OKBTOGEL
OKBTOGEL LOGIN
TOPJITU
KARTUTOTO
SINGASARITOTO
JIMBASLOT
HUJANTOTO
JUMBOTOTO
OMETOTO
JAYA4D
TOPJITU
KARTUTOTO
KARTUTOTO
MILO4D
MILO4D
TOP1TOTO
klik555
klik555
klik555
klik555
okbtogel link alternatif
okbtogel login
okbtogel
cytotec
obat bius
sarangslot