Russia-Ukraine war will not deter LIC’s IPO plan

Life Insurance Corporation’s Initial Public Offering will go ahead as planned and not be impacted by the ongoing Russia-Ukraine conflict, despite heightened uncertainty in the near-term and higher volatility expected in financial markets as the war drags on.

The public offering of shares by LIC, set to be the country’s most significant, will be a test of the depth of domestic capital markets, especially when financial markets face geopolitical strife, and as the implications from the war in Ukraine is nowhere close to being clear.

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