The government raised Rs 31,552 crore through LICs record Offer for Sale (OFS), selling a 6.5% stake after exercising the greenshoe option. The issue was oversubscribed, driven by strong retail and institutional demand. The stake sale helped LIC achieve the 10% public shareholding norm ahead of Sebis May 2027 deadline, while shares declined over 1% after the offer.

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…

Government to offload 6.54% stake in LIC, expecting over ₹31,000 crore proceeds, marking a record in OFS transactions.

MUMBAI/NEW DELHI: The govt is selling up to 6.5% in LIC, currently worth nearly Rs 35,000 crore ($3.7 billion) through the offer for sale (OFS) route that will be launched on…

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. …

LIC shares hit a four-month low, falling 8.9% amid government plans to sell a 6.5% stake at a discount.

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…

The government's Life Insurance Corporation share sale has garnered overwhelming attention from institutional investors, with bids amounting to an impressive Rs 36,400 crore…

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.

LIC's investment portfolio reached ₹50.66 lakh crore by March 2026, with rising exposure to private firms and equities dominating asset allocation.