LIC Shares Rally on Revised MSP Rules: What Investors Need to Know 

LIC rallied over 5% to close at Rs. 803.50 apiece on the National Stock Exchange, marking a new 52-week high.

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LIC Shares Rally on Revised MSP Rules: What Investors Need to Know

LIC rallied over 5% to close at Rs. 803.50 apiece on the National Stock Exchange, marking a new 52-week high.

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As per the exemption, LIC now has ten years to reach the 25% MPS threshold mandated by capital markets regulator SEBI

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By pushing out this timeline, the new rule provides a breather from any potential destabilizing effects of such dilution activities.

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Market experts believe this was a big overhang on LIC shares which has now been lifted.

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LIC’s stock listing in May 2022 was the country’s largest ever IPO, but shares have since dropped over 15% from the issue price of Rs. 949.

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There have also been early growing pains adjusting to the stresses of public disclosure requirements and quarterly reporting cycles.

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