The shares of insurance sector giant Life Insurance Corporation of India (LIC) debuted on the stock exchanges on a weak note on Tuesday. This led to the bombardment of hilarious memes and jokes on the social media platforms. Take a look!
LIC dominates India's insurance sector. The 66-year-old company was the fifth-biggest global insurer in terms of insurance premium collection in 2020. Even after that, shares got listed at a discount price.
Applicants, who have checked allotment status and were not allotted shares of LIC, will get back their money as initiation of the refund process began on Friday.