The Hindu·3 min read·medium
Govt to sell up to 6.5% in LIC at ₹382/share; to add ₹31k crore to disinvestment kitty
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PTI
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The Indian government plans to sell a 6.5% stake in the Life Insurance Corporation (LIC) through an offer for sale to raise approximately ₹31,000 crore. This move is designed to help the state-owned insurer meet regulatory public shareholding requirements ahead of the 2027 deadline.
The government will sell up to a 6.5% stake in Life Insurance Corporation (LIC) at a floor price of ₹382/share through a two-day offer for sale (OFS) beginning on Tuesday (August 4, 2026).
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