 "Life Insurance Corporation")
A group of ministers is likely to meet on March 4 to decide whether the initial public offering (IPO) of Life Insurance Corporation of India (LIC) can be deferred to next year, considering the volatility in stock markets due to an ongoing war between Russia and Ukraine.
The alternate mechanism that comprises Finance Minister Nirmala Sitharaman, Road Transport Minister Nitin Gadkari, and Commerce Minister Piyush Goyal is likely to meet March 4-5 and decide on the timeline of the IPO as merchant bankers have advised the current volatility is not conducive for an IPO of this scale, officials said.
The ministerial panel
