FOR THE FIRST TIME, THE STATEMENT CAME FROM THE GOVERNMENT, LIC IPO WILL BE LAUNCHED IN MARCH ITSELF?

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Taking into consideration the uncertainty due to the outbreak of the Russian-Ukraine war, the authorities will make all choices concerning the IPO of LIC, the country`s biggest coverage company, contemplating the hobbies of 
 traders. This became said via way of means of Department of Investments and State Assets Management (DEP) 
 Dipam Tuhin Kant Pandey. 
 Dipam 
 stated: Tuhin Kant Pandey stated 
 the authorities desires to do a LIC IPO withinside the present day monetary 12 months, however the present day scenario may be very dynamic. 
 "Something surprising is going on proper now. We are tracking the marketplace closely. Whatever motion the authorities takes might be withinside the hobby of 
 traders and the IPO,” stated Pandey. 
 5% stake sale: The authorities hopes to promote its 5% stake withinside the LIC to elevate greater than Rs 60,000 crores. 
 The goal of elevating Rs 780 billion thru funding cuts in monetary 12 months 202122 has now no longer but been achieved.

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