<p><strong><em>By Saritha Rai,</em></strong></p>.<p>India may take another look at the timing of Life Insurance Corp. of India’s initial share sale following Russia’s invasion of Ukraine, Finance Minister Nirmala Sitharaman said in an interview.</p>.<p>“Ideally, I’d like to go ahead with it because we’d planned it for some time based purely on Indian considerations,” Sitharaman said in an interview with <em>Businessline</em> “But if global considerations warrant that I need to look at it, I wouldn’t mind looking at it again,” she said.</p>.<p>The review could impact the timing of the mega public offering, India’s largest, which made up the biggest portion of the country’s $10.4 billion (Rs 7.87 lakh crore) asset-sale program aimed at stanching the budget deficit for the year through March 31, 2022. The government had set a March deadline for the IPO and its IPO document filed on Feb. 13 put the insurance giant’s embedded value at Rs 5.4 lakh crore ($71.7 billion).</p>.<p>“When a private sector promoter takes this call, he has to only explain this to the company’s board,” she said, when asked if a call about delaying the IPO could be constrained by the government’s annual disinvestment targets. “But I would have to explain it to the whole world.”</p>.<p><strong>Check out latest DH videos here</strong></p>
<p><strong><em>By Saritha Rai,</em></strong></p>.<p>India may take another look at the timing of Life Insurance Corp. of India’s initial share sale following Russia’s invasion of Ukraine, Finance Minister Nirmala Sitharaman said in an interview.</p>.<p>“Ideally, I’d like to go ahead with it because we’d planned it for some time based purely on Indian considerations,” Sitharaman said in an interview with <em>Businessline</em> “But if global considerations warrant that I need to look at it, I wouldn’t mind looking at it again,” she said.</p>.<p>The review could impact the timing of the mega public offering, India’s largest, which made up the biggest portion of the country’s $10.4 billion (Rs 7.87 lakh crore) asset-sale program aimed at stanching the budget deficit for the year through March 31, 2022. The government had set a March deadline for the IPO and its IPO document filed on Feb. 13 put the insurance giant’s embedded value at Rs 5.4 lakh crore ($71.7 billion).</p>.<p>“When a private sector promoter takes this call, he has to only explain this to the company’s board,” she said, when asked if a call about delaying the IPO could be constrained by the government’s annual disinvestment targets. “But I would have to explain it to the whole world.”</p>.<p><strong>Check out latest DH videos here</strong></p>