Earlier, GreatGameIndia reported how a Black Swan event could trigger $100 billion capital outflows from India. Now, we see that India's biggest ever IPO of LIC has incurred a loss of over $18 billion.
The Life Insurance Corporation (LIC), India's largest-ever initial public offering (IPO), which was hailed as the "LIC 2.0" phase of the nation's insurance behemoth, has faltered after lackluster debut at a discount on benchmark bourses, with losses reaching over a third in valuation.
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