India's LIC falls 8% after country's largest IPO


Source: nikkei.com nikkei.com

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LIC's IPO topped the 180 billion rupee listing of financial services company Paytm in November last year. © Reuters SAYAN CHAKRABORTY, Nikkei staff writer May 17, 2022 14:22 JST Updated on May 17, 2022 20:05 JST | India Copy Copied BENGALURU -- Shares of India's largest insurer, Life Insurance Corporation of India, fell 7.75% from its issue price of 949 rupees at the end of the first day's trade, signaling caution in the public markets amid a broader slowdown in the economy. Read Next