New Delhi (04.03.2022): A group of ministers is likely to meet and 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.
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Group of Ministers to decide the time of LIC IPO
By IndianMandarins - 2022-03-04 12:22:00
New Delhi (04.03.2022): A group of ministers is likely to meet and 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.
