LIC shares in focus as OFS to sell up to 6.5% stake opens at 11% discount. Here’s all you need to know

The shares of Life Insurance Corporation of India (LIC) will remain in focus on Tuesday as the government’s offer for sale to sell up to a 6.5% stake in the insurance behemoth opens for non-retail investors today.On Monday, LIC announced that the government plans to sell a 2.5% equity stake in the company as part of the base offer, with an additional 4% available as a green shoe option.

The offer for sale opens for non-retail investors on July 4, while retail investors can participate on July 5.LIC shareholding patternThe government owned a 96.5% stake in LIC as of June 30, 2026, according to the latest data on the company’s shareholding pattern.

This makes LIC one of the largest government-owned listed companies, and the public float must gradually increase to comply with minimum public shareholding requirements.

More than 20.92 lakh retail shareholders meanwhile held a 1.55% stake in the insurance behemoth.Also read | LIC OFS opens on August 4 as govt looks to sell up to 6.5% stake.

Check details The Life Insurance Corporation of India (LIC) is a cornerstone of the nation's financial sector, serving as India's largest life insurer and the country's second-largest public sector enterprise by market capitalisation.