LIC weak listing due to unpredictable market conditions: DIPAM Secretary

10:10:00 PM, Tuesday 17th of May 2022 | in miscellaneous

Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) said the weak debut of the country's largest insurer LIC on the bourses was due to unpredictable market conditions and suggested investors to hold on to the stock for long-term value. LIC on Tuesday listed its shares at a discount of 8.11 percent at Rs 872 per share on NSE.