LIC's stock's performance since listing is upsetting, expects better valuation ahead: MD & CEO
moneycontrol · 09 Nov 2026 · 3 min
Management interview of Life Insurance Corporation of India (LICI), with 3 key numbers discussed.
- R Doraiswamy, MD & CEO, Life Insurance Corporation of India
LIC management acknowledged that the stock's post-listing performance has been upsetting due to public sector discounts and share overhang. The second OFS raised public shareholding to 10%, mitigating immediate secondary supply concerns. Management confirmed there is no near-term supply expected through additional OFS tranches. Supported by dividend hikes and a bonus issue, the company expects market perception and valuations to improve ahead of meeting the 25% minimum public shareholding norm.