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LIC OFS oversubscribed by institutional investors with ₹36,400 crore bids
LIC's 6.5% OFS attracted ₹36,400 crore in institutional bids on Day 1, paving the way for a ₹31,000 crore government stake sale.
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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.
