"LIC 2.0" Flop Wipes Over $18 Billion Of IPO Wealth; More Pain Ahead?
LIC IPO losses of over $18 billion is a staggering wealth wipeout.
Source: ndtv.com
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LIC shares crash by 5.85%, down 30% from IPO issue price
LIC`s share is 29.59 per cent down from its IPO issue price of Rs 949.LIC has closed in the red for the 10 straight trading sessions.
Source: dnaindia.com
LIC Shares Crash Below Rs 675, Down Nearly 30% From Issue Price
Life Insurance Corporation's stock crashed on Monday to below Rs 675, a new intra-day record low, down nearly 30 per cent from its issue price.
Source: ndtv.com
"LIC 2.0" Fails; Government Calls It A Temporary Blip: Key Highlights
Life Insurance Corporation's public offer started with widespread fanfare, but apart from a euphoric subscription, it has all been downhill for the insurance behemoth. India's biggest initial public offering (IPO) received an overwhelming response with its issue oversubscribed nearly three times, which has turned out to be the only bright spot in the so-called phase termed "LIC 2.0."
Source: ndtv.com