Speaking with Business Today TV managing editor Siddharth Zarabi, Kumar said maintained that LIC has always been a contrarian investor. “We will always buy in a falling market and sell in a rising market”, he said.
Countrys largest public offer by Life Insurance Corporation (LIC), which opens tomorrow (May 2) for anchor booking and unveils on May 4 for retail and other investors, has been termed as LIC 3.0 by its chairman M R Kumar, who has said that its pricing is attractive and investors can look for returns for a long time to come