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LIC share price slides below Rs 700 apiece as anchor lock-in ends today

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LIC share price 20% down from IPO price, investors lose Rs 1 23 lakh crore Should you buy?

Life Insurance Corporation (LIC) shares have been tumbling since their market debut on May 17. Investors who had put their money in the initial public offerings of LIC are experiencing a heavy depreciation in their portfolio as the scrip is down more than 20 per cent from the issue price of Rs 949.

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