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LIC dips 8% as government sells stake at 10% discount
Investors sold Life Insurance Corporation (LIC) pulling it down by almost 8% in a session on the BSE, closing at more than a two-month low of ₹391/share after the government sold its stake at a lower price.
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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.
