Amid Russia and Ukraine crisis, the government will rethink launching Life Insurance Corporation (LIC) IPO. It will closely monitor the deepening crisis before taking any decision. At present, there is no discussion on delaying listing of LIC. The LIC listing is expected in the third or fourth quarter of 2021-2022. The central government is relying on the mega initial public offering (IPO) of LIC to achieve the disinvestment target for the year.
The officials said the Centre will wait and watch the developments impacting stock markets amid geopolitical tensions between Russia and Ukraine before taking a call on deferring the initial public offering (IPO) of Life Insurance Corporation of India.
To date, no decision has been taken on the delay of IPO launch. The government is still continuing with its road-shows for the public offering, as informed by a government official. The IPO of Life Insurance Corporation is considered to be the largest public offering by any Indian company and is advertised to be a globally eyed public listing.
