Govt set on LIC IPO in Q4 despite market woes

The government is moving ahead with its plans to list Life Insurance Corporation during the current fiscal despite uncertainties in the wake of the weak performance of mega initial public offers like Paytm, and Star Health in the insurance sector. The downtrend in stock markets following the detection of the new Covid variant has also not deterred the government as the macro benefits of the IPO are seen to outweigh the challenges.

from Markets-Economic Times https://ift.tt/3rIA9RS