LIC lists at discount to IPO price, closes 8% lower at Rs 875

The majority government-owned life insurer is now the fifth most valued company in India, behind RIL, TCS, HDFC Bank and Infosys but ahead of giants like HUL, ICICI Bank and SBI, data from BSE showed. It’s also the most valued PSU entity, ahead of SBI, ONGC and NTPC.