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The Times of India
The Times of India
Business
PTI

LIC IPO price attractive; lot of growth potential: Chairman MR Kumar

LIC MR Kumar IPO Insurance GIC Re New Delhi New India Assurance

NEW DELHI: LIC IPO pricing is very attractive and investors can look forward to returns in the years to come as the company has potential for growth, LIC chairman MR Kumar said on Friday.

More than the embedded value one should look at the value for new business (VNB) going forward, and it should reach 12-13 in the future, he said in an interview with PTI here.

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