Bankers push govt to defer LIC IPO amid Russia-Ukraine crisis: Report1 min read 01 Mar 2022, 10:06 PM IST
In what will be the biggest stock offering in India, the government has plans to raise about $8 billion by selling 5% of LIC's stake this month before the fiscal year ends on March 31
MUMBAI : Bankers advising Indian state-run Life Insurance Corp (LIC) on its IPO have pushed the government to defer the launch of the stock offering in the wake of the market jolt caused by Russia's invasion of Ukraine, two sources familiar with the talks told Reuters.
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