Hi Sankar,
I suggest that you draw the items in the ListView by yourself so that you can mimic the LinkLabel text. To do this, set the OwnerDraw property of the ListView to true and handle the DrawColumnHeader, DrawItem and DrawSubItem events of the ListView.
You can use the following line of code to draw a text with a underline:
Graphics.DrawString(e.Item.Text, new Font(this.Font, FontStyle.Underline), Brushes.Black, e.Bounds);
If you want to click the "LinkLabel" in the ListView, handle the MouseClick event of the ListView and in the event handler, check if the "LinkLabel" is clicked.
Hope this helps.
If you have any question, please feel free to let me know.
Sincerely,
Linda Liu