LIC loses over $15 billion of investor wealth- fear of more losses as anchor lock-in ends

LIC loses over $15 billion of investor wealth- fear of more losses as anchor lock-in ends

LIC investors lose $15 billion During a bad market period, the share price of life insurance company LIC dropped by around 29 percent from its issue price. Furthermore, the lock-in period for anchor investors to refrain from selling shares of the corporation expires today, which may spur some selling. As …

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