Home / Economy / News / LIC IPO: Govt to take call in best interest of investors, says DIPAM Secy

LIC IPO: Govt to take call in best interest of investors, says DIPAM Secy

In the wake of the market volatility due to the Ukraine-Russia war, there might be a rethink on the timing of the LIC share sale

Depending on the market conditions and investment bankers’ feedback, LIC’s IPO size could be in the range of Rs 50,000 crore to Rs 1 trillion.

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PTI New Delhi

3 min read Last Updated : Mar 04 2022 | 6:42 PM IST

The government will take a call on the IPO of the country's largest insurer LIC in the "best interest of the investors", a senior official said on Friday as it is closely watching the market amid volatility caused by the Russia-Ukraine war.

DIPAM Secretary Tuhin Kanta Pandey said that while the government's desire is to come out with the Initial Public Offer (IPO) of the state-owned life insurer in the current fiscal, it is a "dynamic situation".

Through the IPO of Life Insurance Corporation (LIC), the government aims to garner over Rs 60,000 crore in the current fiscal to meet its revised

Topics : LIC IPO Dipam Indian stock market initial public offering IPO Life Insurance Corporation

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