LIC to conduct roadshows in UK, Hong Kong in June

12 Jun 2023 , 10:27 AM

A year after its listing, India’s Life Insurance Corporation (LIC) has planned to hold international roadshows, beginning later this month in Hong Kong.

The insurance behemoth has scheduled its roadshows to be held between June 25 and June 29. The company also said that roadshows will also be held in the United Kingdom.

The company aims to create awareness among the investors with these roadshows post-listing of its shares. LIC was listed about a year ago on the stock exchanges.

The non-deal roadshows will provide investors with an in-depth look at the company’s story. It also seeks to improve communication between the investors and the executive team.

According to sources, LIC’s top management will interact with global investors over a five-day period in a series of meetings designed to highlight the company’s strengths.

With these roadshows, the management seeks to encourage investors to invest in LIC scrips as the company has a lot of potential.

Through its IPO last year, the government raised Rs 20,557 crore by selling its 3.5% stake in the country’s largest-ever initial public offering (IPO).

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