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IPO

Indian state-run insurer loses share ahead of IPO, country's biggest

Timeline for LIC's listing still unclear amid volatile market led by Ukraine war

Ahead of the Life Insurance Corporation of India's initial public offering on the Bombay Stock Exchange and other leading exchanges, its market share stood at 61.4% in February, as against 64% in the financial year that ended in March 2021. (Source photos by Reuters) 

BENGALURU -- State-run behemoth Life Insurance Corporation of India (LIC) is losing ground to competitors in the run-up to its outsize public offer, the biggest ever in India.

LIC's market share stood at 61.4% in February compared with 64% in fiscal 2021 ended last March, according to the Insurance Regulatory and Development Authority of India.

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