Life Insurance Corporation (LIC) of India’s public offer will be held in early May if markets remain buoyant. However, if there is marked volatility over the next few weeks, the issue may get delayed. The government plans to sell a 5% stake in the state-owned insurer.
According to Sebi ICDR Regulations 2018 for public offers, if LIC’s initial public offer (IPO) does not take place by May 12, it will need to update the offer document with FY23
