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LIC dominates India's insurance sector. The 66-year-old company was the fifth-biggest global insurer in terms of insurance premium collection in 2020. Even after that, shares got listed at a discount price.
The central government has fixed the issue price of LIC shares at Rs 949 apiece.
The initial public offering of the Life Insurance Corporation closed on May 9 after the government sold over 22.13 crore of its shares.