News > Govt may defer LIC IPO to next fiscal amid Ukraine crisis

Govt may defer LIC IPO to next fiscal amid Ukraine crisis

Telangana Today | 06/03/2022 12:57 PM | Click to read full article

The government is expected to defer the mega initial public offering (IPO) of LIC to the next financial year as the ongoing Russia-Ukraine war has dampened fund managers’ interest in the public issue, market experts said on Sunday.

The government was looking to sell 5 per cent stake in Life Insurance Corporation (LIC) this month, which could have fetched over Rs 60,000 crore to the exchequer.