The life insurance stocks, though not many in number, were considered the best option for investors to tap India’s booming equity market, thanks to unit-linked insurance policy products or Ulips. This changed to some extent with the listing of Reliance Nippon Life Asset Management or RNLAM last year in November.
The public issue was well-received by investors and they have nothing to compliant considering the post-listing gains of 25 per cent, over the initial public offering (IPO) price. Yet, the scarcity premium that RNLAM shares ought to enjoy seems to be missing ...
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First Published: Wed, January 17 2018. 04:30 IST
