The country's largest insurer, Life Insurance Corporation of India (LIC), on Tuesday listed its shares at a discount of 8.11 per cent. Twitter is replete with memes summing up the current mood of investors.
Macquarie added that inherent volatility in Embedded Value is another big challenge given a substantial portion of EV constitutes marked-to-market unrealised equity gains.
Grey market premium of Life Insurance Corporation (LIC) shares turned negative on Wednesday indicating that the company may list on the stock exchanges below it