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Shares of Life Insurance Corporation (LIC) fell to a record low amid bearish market sentiment today. LIC stock declined 1.76 per cent intraday to Rs 709.20 against the previous close of Rs 721.95 on BSE. The market capitalisation of the public sector insurer fell to Rs 4.49 lakh crore today against a market cap of Rs 6,00,242 crore, going by the upper price band of India's largest initial public offer. The fall in the stock comes a few days ahead of the end of the lock-in period for anchor investors in the country's largest initial public offering (IPO).
The IRDAI has proposed some key changes to its regulations covering appointed actuaries, following a review of the rules in a changing business environment.
Shares of the insurer Life Insurance Corporation (LIC) fell nearly 2 per cent in early trade amid weak market sentiment today. LIC stock declined 1.71 per cent to Rs 786.60 against the previous close of Rs 800.25 on BSE. The market capitalisation of the public sector insurer fell to Rs 4,97, 334 crore today against a market cap of Rs 6,00,242 crore, going by the upper price band of India's largest initial public offer.
Shareholders of Life Insurance Corporation (LIC) have lost Rs 94,116 crore in the last 14 trading sessions due to weak investor sentiment in highly volatile market. Market capitalisation of the public sector insurer fell to Rs 5,06,126 crore today against market cap of Rs 6,00,242 crore, going by the upper price band of India's largest initial public offer (IPO).