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With 5.6L crore market capitalisation, LIC pips SBI as most valued PSU
Credit: IndiaTimes- Published on January 17, 2024
The government divested 3.5% of LIC for Rs 21,009 crore through its IPO, making it the biggest maiden offer in India. LIC's stock has not crossed its IPO price since listing in mid-May 2022. Recent reports suggest multiple tailwinds that could help sustain LIC's stock price.
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