LIC IPO: Decision on timing of public offer shortly

While the government is confident about the prospects of the issue, it is wary of market conditions and investor sentiment.

Updated Apr 19, 2022 3:17 PM IST

LIC IPO: Decision on timing of public offer shortly

LIC IPO details soon

The central government is likely to take a call on the timeline of the initial public offer of Life Insurance Corporation (LIC) of India by the end of this week.

“We will have clarity on if we are going ahead with the LIC IPO within the stipulated deadline by the end of this week,” a government official told Business Today TV.

“We are neither bound to do it, nor prevented from doing it. We definitely see strength and momentum. But, we will take a final call after meetings by end of this week,” the official added.

While the government is confident about the prospects of the issue, it is wary of market conditions and investor sentiment.

The Indian stock market has tumbled this week on account of investor fears over rising inflation and the likelihood of a rate hike soon. This, coupled with an unfavourable start to the earnings season in heavyweight stocks had led to heavy sell-off.

Also read: Govt amends FEMA rules to allow 20% FDI in LIC

Also read: LIC hikes stake in HDFC AMC to 7%

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

ABOUT THE AUTHOR

Karishma Asoodani

Karishma Asoodani is a multi-platform journalist with a Diploma in Digital Journalism from the City University of New York. Based in Delhi, she works as a Financial Journalist with Business Today Television, bringing nine years of experience in reporting on India’s economic policy. Her core interests lie in macroeconomics and geopolitics, and her coverage of global trade dynamics, the APAC economy, and the aviation sector has earned her industry recognition.

Outside the newsroom, Karishma is an avid runner and a strong advocate for the Sustainable Development Goals, with a particular focus on water security and conservation. She is fluent in English and Hindi, and is currently pursuing a B2 level in French.

Published on: Apr 19, 2022 3:17 PM IST

LIC IPO: Decision on timing of public offer shortly

While the government is confident about the prospects of the issue, it is wary of market conditions and investor sentiment.

ABOUT THE AUTHOR

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