LIC IPO Listing: LIC Shares Almost Flat, A Day After A Dud Debut: Developments

LIC shares closed almost flat at Rs 876.25 per share after ending at Rs 875.45 on the BSE. The state-owned insurance giant LIC's shares closed nearly 8 per cent from its allotment price of Rs. 949 on its market debut on Tuesday. After LIC's flop debut - the world's second-worst trading debut among large IPOs this year, shareholders of the company would be counting on a bumper dividend if the government wants them to stay put, repo...