News From Press Positive start: LIC's mega share sale subscribed 67% on first day

Positive start: LIC's mega share sale subscribed 67% on first day

Source: Business Standard May 5, 2022

Life Insurance Corporation of India’s (LIC’s) initial public offering (IPO), which opened for subscription on Wednesday, was subscribed 67 per cent, or 0.67 times, at the end of Day 1, driven by robust interest from its policyholders, employees, and the retail segment. The issue will remain open till May 9.

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