LIC shares tumble in market debut after record IPO
Mumbai: Shares in Life Insurance Corp of India (LIC) slid nearly 8% in its market debut, a fresh setback for the state-owned giant as its record-breaking, oversubscribed IPO raised far less than expected for the government, Reuters reported. India's biggest insurer and largest domestic financial investor closed at 875.25 rupees, compared to the IPO price...