The Fall in LIC's Stock is a Matter of Concern for the Government

Since the listing in the stock market, the fall in LIC's stock has become a matter of concern for the government. Life Insurance Corporation of India (LIC) IPO investors are not going to have a good day. They are incurring daily losses due to the fall in the shares of LIC. Meanwhile, the government has issued an important statement for them.

Tuhin Kant Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) said that the government is concerned about the fall in LIC's stock and is monitoring the matter. He further said that this decline is temporary. The management of LIC is monitoring and reviewing all these aspects.

The management is making every effort to increase the value for the shareholders. LIC's share was listed on May 17 at Rs 872 per share. The government had kept the issue price of LIC's share at Rs 949 per share. Since the listing, the stock of LIC has remained at a lower level than the issue price. It has gone down to a low of Rs 708.70 per share during this period