India’s LIC shares set to slide in market debut after record IPO -Breaking
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© Reuters. FILE PHOTO : Before the launch of the initial public offering of LIC (IPO), a man cleans a hoarding of Life Insurance Corporation of India. This was in Kolkata, India on April 29, 2022. REUTERS/Rupak De ChowdhuriMUMBAI, (Reuters) – Shares of the state-owned Life Insurance Corp of India were expected to launch at a 8% discount on their IPO prices on Tuesday. Pre-open trade saw LIC shares trading at 872 rupees, compared with the 949 rupee offer price.
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