After a flop debut on stocks exchanges, Life Insurance Corporation's (LIC) shares fell nearly 4 per cent on Thursday, adding to investor's losses from a lower listing on Tuesday.
Disappointed by a 7.8% plunge that made for the world's second-worst trading debut among large IPOs this year, shareholders of state-run Life Insurance Corp. of India will be counting on a bumper dividend if Prime Minister Narendra Modi's government wants them to stay put.