Mirror Now
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LIC IPO Case In SC | SC Refuses Interim Relief; Issues Notice To Centre On Petition | Breaking News
Posted
May 12, 2022
Views
113
May 12, 2022
113
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3:09Now PlayingAs per breaking inputs coming in on Mirror Now, the Supreme Court has ruled over the Madras high court and Bombay high court pleas. On Thursday, the SC also refused to issue a stay order on the share allotment and the centre’s decision to trade five per cent of its shareholding in Life Insurance Corporation (LIC) through its initial public offering (IPO). The LIC IPO's share allotment is scheduled for today, after the IPO opened on May 4th. Moreover, in addition to refusing to pass an order, Justices DY Chandrachud, and others also issued a notice to the central govt. stating that they can't be granted any kind of interim relief. The Centre has been granted a time of 4 weeks to respond to this notice.
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