LIC listing wipes out Rs 42500 cr from investor wealth, Twitterati having a 'hearty laugh'

11:00:00 PM, Tuesday 17th of May 2022 | in business

LIC made a tepid stock market listing on Monday. The scrip of the insurance behemoth debuted at around 9 per cent discount at Rs 867.20 apiece at the BSE on Tuesday against its issue price of Rs 949. On one hand while the miserable opening wiped out Rs 42500 cr from investor wealth, it did open a barrage of memes on Twitter. Several Twitter users took to the microblogging site, sharing memes on LIC's poor stock market debut.