SC refuses to stay LIC IPO process, issues notice to centre

The government had by way of an amendment to the 2021 Finance Act decided to trade 5% shares in the open market through an IPO. This was challenged both in the Madras and the Bombay High Courts. The High Courts had earlier refused to stay the IPO.

from Banking/Finance-Industry-Economic Times https://ift.tt/oGRe94v