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Russia-Ukraine crisis has no impact on LIC IPO plans: Govt sources

Sources say the government will go ahead with the planned initial public offering (IPO) of Life Insurance Corporation of India (LIC), despite the emerging geopolitical situation on the Russia-Ukraine front.

February 24, 2022 / 08:07 PM IST

As Russian troops, on February 24, launched an attack on Ukraine, government sources reacting to the major development tell CNBC-TV18 that the Centre was closely monitoring the rapidly changing situation in and around Ukraine.

Sources also say the upcoming initial public offering (IPO) of Life Insurance Corporation will go ahead as planned, adding the government has time till March First week to take any decision on it.

"Don't see an impact on LIC IPO plan for now," sources say.

Government sources also assert India is prepared to deal with any situation arising out of global developments, and they don't expect the impact of the crisis to be severe on the Indian economy.