Govt to file final papers for LIC IPO with Sebi soon, says official2Photo©

Govt to file final papers for LIC IPO with Sebi soon, says official

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New Delhi: The final papers for LIC IPO will be filed by the government soon. According to media reports, the draft papers of the LIC IPO were cleared by the Securities Exchange Board of India (SEBI) earlier this week. The nod for IPO was given to the company within 22 days of filing the DRHP.Also Read - Second Week Into War, Vladimir Putin Sees Positive Shifts In Talks With Ukraine Over Ceasefire

The reports also stated that the government has also decided to wait and watch before launching the IPO, owing to the market volatility. The markets have been highly volatile due to the ongoing Russia Ukraine war. Also Read - Sensex Might Hit 75,000 By December 2022: Report

“We have got the approval of the DRHP and the next step would be to file the RHP, which will give details of the price band and the actual number of shares. We are watching the situation, and soon we will take a call on the timing of the share sale”, PTI stated quoting an official. Also Read - Andy Murray Donates Prize Money to Ukrainian Children