News > Govt may defer LIC IPO to next fiscal amid Ukraine crisis

Govt may defer LIC IPO to next fiscal amid Ukraine crisis

The government is expected to defer the mega initial public offering (IPO) of LIC to the next financial year as the ongoing Russia-Ukraine war has dampened fund managers’ interest in the public issue, market experts said on Sunday.

The government was looking to sell 5 per cent stake in Life Insurance Corporation (LIC) this month, which could have fetched over Rs 60,000 crore to the exchequer.