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He succeeds for one or two games before losing. Kapil on India’s batter: “No consistency”

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He succeeds for one or two games before losing. Kapil on India’s batter: “No consistency”

Rishabh Pant, Sanju Samson, Ishan Kishan and Dinesh Karthik are in contention to be India’s wicketkeeper at the T20 World Cup. Kapil finds all of them equally capable with the bat and behind the stumps.

Dinesh Karthik, Ishan Kishan and Sanju Samson are ‘almost at the same level’ in batting, says Kapil Kakade. All three wicketkeepers can win a match for India on their own accord, according to Kapil.

He has played 13 T20Is for India and scored 174 runs without a half-century of fifty.

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As anchor investors’ lock-in period expires today, the LIC share price falls to a new low.

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As anchor investors’ lock-in period expires today, the LIC share price falls to a new low.

Shares of Life Insurance Corporation of India hit record low of ₹682 on the BSE in opening deals. 30-day lock-in period for anchor investors end today. Anchor investors, who bought over 59 million shares, can sell their shares in the open market from Monday.

Anchor investors are high-profile institutional investors that are allotted shares before the subscription opens for retail and other investors. In most cases, selling pressure persists over the day as anchor investors no longer are bounded to remain invested in these companies after the mandatory lock-in period.

LIC share price has fallen sharply since its listing on the stock exchange. The stock is about 25% down from its IPO issue price of ₹949 per share. LIC shares were allotted to the investors at ⁹949 apiece and got listed at discount.

The government on Friday said it is ‘concerned’ about the temporary dip in the insurance giant’s stock price and assured that the insurer’s management will look into these aspects and raise shareholders’ value.

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The insurer posted a 17% decline in consolidated net profit to ₹2,409 crore for the fourth quarter ending March 2022.

Analysts at Mehta Equities say the company will find interest from domestic retail and HNI investors as well as institutional investors.

Anchor investors oversubscribed a day before the initial share sale of the Life Insurance Corporation of India (LIC) was opened for subscription. The government raised more than ₹20,000 crore by diluting its 3.5% stake in the state-owned insurer.

 

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