LIC invests over ₹1,000 crore to get 11% of NTPC Green IPO

The Life Insurance Corporation of India invested more than ₹1,000 crore to get roughly 11% of the NTPC Green Energy IPO. The insurer invested ₹500 crore as an anchor investor and an additional ₹593.2 crore in the ₹10,000-crore IPO, taking its stake to 1.2% before listing. NTPC Green's shares were listed on Wednesday at a 3% premium.