LIC shares will be listed on the stock exchanges on Tuesday. Initial share sale fetched Rs 20,557 crore to the government.
The price of the LIC shares was fixed at Rs 949 apiece for investors. After taking into account the discount offered, LIC policyholders and retail investors have got the shares for Rs 889 and Rs 904 apiece, respectively. The initial public offering (IPO) of Life Insurance Corporation (LIC) closed on May 9. The shares were then allocated to bidders on May 12.
Overall, the government sold over 22.13 crore shares or a 3.5 per cent stake in LIC.
LIC shares will be listed on BSE and NSE. Price details will be available on BSE and NSE website.
Post being listed on the stock exchanges, India's largest insurer will be valued above Rs 6 lakh crore.
