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Govt unveils offer for sale to dilute LIC stake
The Centre has announced an Offer for Sale in Life Insurance Corporation of India. This issue will open for non-retail investors on Tuesday and retail investors on Wednesday. The divestment includes a base offer of 2.5% with an additional 4% greenshoe option. The floor price for the Offer for Sale is fixed at ₹382 per share. This move aids the insurer in meeting minimum public shareholding norms ahead of schedule.
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economictimes.indiatimes.com
LIC OFS opens tomorrow as govt looks to sell up to 6.5% stake. Check details
The government will launch LICs offer for sale for non-retail investors on Tuesday and retail investors on Wednesday. It plans to divest up to 6.5% through a base 2.5% offer and…
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thehindu.com
Govt to sell up to 6.5% in LIC at ₹382/share; to add ₹31k crore to disinvestment kitty
Government to sell 6.5% stake in LIC at ₹382/share, aiming to raise ₹31,000 crore for disinvestment fund.
