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LIC OFS: Non-retail portion booked 55% on Day 1. Here’s what investors should know
LIC's Rs 31,410-crore offer for sale (OFS) saw the non-retail portion subscribed 55.1% by noon on Day 1. The government aims to pare its stake through a 2.5% base offer, with an additional 4% green shoe option, while retail investors can bid on August 5.
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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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thehindubusinessline.com
Govt to offload 6.54% in LIC, likely to get over ₹31,000 crore
Government to offload 6.54% stake in LIC, expecting over ₹31,000 crore proceeds, marking a record in OFS transactions.
