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LIC IPO delay? Govt in wait-and-watch mode amid Russia-Ukraine crisis

The government will closely monitor the Ukrainian crisis before taking any decision, the official added

Life Insurance Corporation
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Four teams have been created, which have the LIC chairman and managing director, along with officials from DIPAM and the Department of Financial Services, participating in roadshows

Nikunj Ohri New Delhi
The Centre will wait and watch the developments impacting stock markets on the back of a Russia-Ukraine offensive before taking a call on deferring the initial public offering (IPO) of Life Insurance Corporation (LIC) of India.

Until now, there is no discussion on delaying LIC's listing. The government is continuing with its roadshows for the public offering, informed a government official. 

The IPO of LIC is considered to be the largest public offering by any Indian company, and is touted to be a globally eyed public listing. The launch of military operations by Russia in Ukraine spooked markets on Thursday, with benchmark

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First Published: Feb 25 2022 | 6:05 AM IST

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