Financial Insights

LIC IPO on track despite the volatility: FM Nirmala Sitharaman

The Finance Minister has said that the government is going ahead with the IPO of Life Insurance Corporation (LIC) even as the Russia-Ukraine crisis looms over the world and the threat of a potential fallout persists. “There is a buzz in the market and there is interest for LIC IPO. We are going ahead with it. We are equally worried if the market situation is conducive” she said.

The DRHP of LIC was released to the public on 13th February as the company aims to sell 5% of its shares in the IPO which is nearly 316.25 million shares. This IPO is considered to be the largest IPO in the country as it is said to possess the ability to disrupt the market balance.

Highlight by Aman Agarwal.

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