By Manoj Kumar and Aftab Ahmed
NEW DELHI (Reuters) – India aims to launch an $8 billion IPO of state-run Life Insurance Corp (LIC) by mid-April, two government sources said, after the issue was delayed from an original timeline of March due to market volatility following Russia’s invasion of Ukraine.
In what would be the country’s biggest ever initial public offering, the government aims to raise more than $8 billion by selling a 5% stake in the insurance giant and had planned to launch it by the end of this fiscal on March 31.
(Reporting by Manoj Kumar; Editing by Susan Fenton)
