The share price of India’s biggest IPO company LIC has fallen by 12.05% in the last week. Today LIC’s share is trading at Rs 709.70 while an IPO of Rs 949 is at a discount of around 25% to the issue price.
On Wednesday 8 June 2022, LIC informed the exchange that LIC has purchased 2 lakh additional equity shares in Zee Entertainment Enterprises Ltd at a price of Rs 247.25 through Open Market Purchase. And now LIC holds a total of 4,81,10,464 Equity Shares which is 5.008% of the paid-up capital of Zee Entertainment Enterprises Limited Company.
Earlier LIC held 4,79,10,464 shares in Zee Entertainment Enterprises Limited which was 4.988% of the paid-up capital of Zee Entertainment Enterprises Limited Company.
Zee Entertainment Enterprises is an Indian media conglomerate that operates 45 channels worldwide and has a market cap of Rs 23192 crore.
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LIC share price – Financials
| 52 Week High | 949.00 |
| 52 Week Low | 708.05 |
| Sector PE | 104.09 |
| Face Value | 10 |
| Mkt Cap (Rs. Cr.) | 448,885 |
| Book Value Per Share | 16.46 |
| Net Profit 2022 (Rs. Cr.) | 4,043 |
| Debt to equity (2022) | 0.00 |
| Revenue 2022 (Rs. Cr.) | 720,514 |
| EPS (2022) | 6.39 |
| ROE (2022) | 38.84 |
| Dividend/Share (INR) (Mar 2022) | 1.50 |
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