LIC IPO on course despite geo-political headwinds: FM

Finance minister Nirmala Sitharaman on Tuesday said the LIC IPO will go ahead as planned in the current financial year, despite the emerging geo - political situation on Russia-Ukraine front. Claiming that the LIC DRHP has created a buzz in the market, Sitharaman said addressing a press conference after her post budget interactions in Mumbai, "There is a lot of interest in the market on LIC IPO. We will be going ahead with it." On whether it will happen in the current fiscal, FM said DRHPs are not issued two years in advance.