Govt has time till May 12 to launch LIC IPO without seeking fresh Sebi approval

If the government misses the May 12 window, LIC would have to file fresh papers with Sebi giving the results of December quarter and also update the embedded value. Sale of about 31.6 crore shares or 5 per cent stake in LIC, which was estimated to fetch around Rs 60,000 crore to the exchequer, was originally planned to be launched in March, but the Russia-Ukraine crisis has derailed the plans as stock markets are highly volatile. https://ift.tt/ZKPRrQn