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Skipping IPOs helps LIC avoid Paytm rout; company’s gains in FY22 at Rs 30,000 cr

Skipping IPOs helps LIC avoid Paytm rout; company’s gains in FY22 at Rs 30,000 cr
Life Insurance Corp of India (LIC), one of the biggest institutional investors in the stock markets, escaped the brutal losses in Paytm because of its standard investment guidelines that usually steer clear of initial public offerings (IPOs).


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24 November 2021, 01:33