LIC IPO: Government fixes LIC issue price at Rs 949 a share; policyholders, retail investors get discount
LIC IPO: The government has fixed the issue price of LIC shares at Rs 949 apiece, the upper end of the IPO price band, ahead of the listing of the country's largest insurer on May 17
LIC IPO: However, LIC policyholders and retail investors have got the shares at a price of Rs 889 and Rs 904 a piece, respectively. Source: Reuters