New Delhi, 2/3: With the Russia-Ukraine war roiling financial markets globally, the government may defer the mega IPO of LIC and wait for an opportune time to get the maximum value of its holding in the state-owned insurance behemoth, sources said.
“It’s a full blown war now so we will have to assess the situation for going ahead with the LIC IPO,” a government source said.
Finance Minister Nirmala Sitharaman too had indicated review of the IPO in view of the evolving geopolitical situation.
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