LIC's stepid stock market debut adds to weak listing scorecard of public sector undertakings

Life Insurance Corporation of India s stepid stock market debut adds to the weak listing scorecard of public sector undertakings PSUs Most large floats by the government have failed to create long-term wealth for investors. The shares of Coal India, the second largest PSU IPO after LIC, are currently down 25 per cent over their issue price. The stock was listed in November 2010. Shares of General Insurance Corporation of India GIC RE and The New India Assurance Company, which were listed in 2017, are down 74 per cent each. Business Standard has always tried to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and feedback on how to improve our offering has made our resolve and commitment to these ideals stronger. Even during the difficult times that arises out of Covid-19, we continue to be committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

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