The Russia-Ukraine war is making the govt rework it's plan for the mega LIC IPO. Reports indicate that the Govt will postpone the nearly Rs 90,000 cr issue as market conditions remain unstable due to rising geopolitical tensions.
In an interview with the Hindu BusinessLine, FM Sitharaman said, "When I last commented on this matter, the tension was building up. Now there’s a full-scale war. Therefore, I need to go back and review the situation."
Reports indicate that Govt will meet the market regulator on March 7 and discuss postponing the issue into the next fiscal (April) which has been recommended by investment bankers as well.