Won’t interfere in LIC IPO share allocation, says apex court

The Supreme Court on Thursday refused to interfere in the allocation of LIC shares to 73 lakh people from India and abroad who oversubscribed the mega IPO of the country’s largest state-owned insurance company. The bench heard arguments from senior advocate Indira Jaising for a PIL petitioner but agreed with additional solicitor general N Venkataraman and ordered that “we are of the considered view that no case for interim relief is made out”.