Business Standard

Best of BS Opinion: LIC market debut, Narcissus in the boardroom & more

Here is the best of Business Standard's opinion pieces for Wednesday.

LIC, Life Insurance Corporation

The government raised Rs 20,516 crore from the issue.

Rajesh Kumar
The listing of the Life Insurance Corporation (LIC) mega-initial public offering indicates weak market sentiment. The issue was oversubscribed at Rs 949, which was the top end of the price band. The government raised Rs 20,516 crore from the issue. But the share closed out its first trading session at Rs 873. In this context, our lead editorial notes if the listing leads to more transparency about LIC’s finances and less interference in its investment decisions, that could eventually lead to improved returns. Read here

In other views:

China eschews triumphalism in favour of a more cautious

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First Published: May 18 2022 | 6:30 AM IST

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