LIC OFS Opens on August 4 as Govt Looks to Sell up to 6.5% Stake. Check Details

India's LIC slumps to lowest in nearly 4 months on discounted stake sale

Shares of Life Insurance Corporation dropped ‌as much as 9.26% to their lowest in nearly four months on Tuesday, after the government said it will sell up to a 6.5% stake in India's largest insurer at a steep ​discount.

India Seeks Up to $3.3 Billion From LIC Stake Sale: ECM Watch

India plans to raise as much as $3.3 billion by selling a stake in state-run Life Insurance Corp., as the government seeks to bolster public finances strained by higher oil prices.

LIC share tumbles 8% as govt to sell up to 6.5% in state-run insurer, check floor price and other details

Shares of Life Insurance Corporation of India (LIC) touched an intraday low of Rs 390.40 on the NSE and Rs 390.70 on the BSE.

Govt to sell up to 6.5% stake in LIC via OFS; floor price set at Rs 382 per share

The Centre has launched an offer for sale in LIC, with a base 2% sale and an option to divest another 4.5% at a floor price of Rs 382 a share. The sale is aimed at helping the insurer meet Sebi's public shareholding norms ahead of the 2027 deadline.

India to raise up to $3.3 billion by selling stake in country’s largest life insurer at 10% discount

Indian government plans to raise up to $3.3 billion by selling its stake in the country's top life insurance company.

Govt to sell up to 6.5% in LIC at ₹382/share; to add ₹31k crore to disinvestment kitty

If fully subscribed, the sale of over 82.22 crore shares or a 6.5% stake at the given floor price will fetch about ₹31,000 crore to the disinvestment kitty