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LIC stock valuation ‘really upsets’ me, says MD & CEO R Doraiswamy

Reported by: CNBC TV18 ·

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LIC

Summary

CNBC TV18 reported that LIC MD and CEO R Doraiswamy said the insurer's stock valuation upsets him, adding that it does not reflect the company's size and stature. Moneycontrol also reported the remark. According to CNBC TV18, Doraiswamy cited three reasons: a PSU discount, meaning state-run firms often trade below private peers; limited public float, meaning only a small slice of shares is available for public trading; and uncertainty over government stake sales. He also spoke about slower AUM, or assets under management, the total value of investments an insurer manages. The reports do not give a valuation figure or a date. LIC is Life Insurance Corporation of India, the state-run insurer listed on the exchanges.

AI summary of what CNBC TV18 and Moneycontrol reported. AI can make mistakes. Read the full story on CNBC TV18

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CNBC TV18  · · Tone 0

LIC stock valuation ‘really upsets’ me, says MD & CEO R Doraiswamy

LIC MD & CEO R Doraiswamy says the insurer’s stock valuation does not reflect its size and stature, citing the PSU discount, limited public float and uncertainty over government stake sales. He also discusses slower AUM…

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