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LIC OFS off to a strong start as institutional investors subscribe 66% by noon
Government's stake sale in Life Insurance Corporation (LIC) saw strong participation from institutional investors in the first leg of the Offer-for-Sale (OFS), with nearly two-thirds of the shares reserved for them subscribed by noon on Tuesday.
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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.
