LIC IPO unlikely to take place in ongoing fiscal, here’s why investors will have to wait a little longer

The government is unlikely to come up with the IPO of Life Insurance Corporation (LIC) in the current financial year ending March 2022. 

New Delhi: The government is unlikely to come up with the IPO of Life Insurance Corporation (LIC) in the current financial year ending March 2022, as the valuation of the state-owned behemoth is taking more than anticipated time, and preparatory work is still far from complete.

There are still some issues that need to be addressed with regard to the valuation of LIC, a senior official of one of the merchant bankers said.

Even after the valuation, there are several regulatory processes that have concluded, the official said.