LIC letter forbids employees from commenting on upcoming mega IPO

Only the company's chairman and four managing directors are allowed to comment on the offer expected this financial year.

The Life Insurance Corporation (LIC) has asked its employees not to speak publicly about its mega Initial Public Offering (IPO) and avoid comment on the pricing, timing or valuation of the offer expected in the Jan-March quarter this financial year.

The state-owned insurance behemoth has said only the chairman and four managing directors are allowed to interact with the media till further instructions. 

M R Kumar is the company’s chairman and the managing directors are MK Gupta, Raj Kumar, Siddhartha Mohanty and Mini Ipe.

“No comment or statement should be made by any official on IPO/IPO size/IPO size/IPO timing/IPO valuations/Futuristic