LIC said the governments ₹31,552-crore offer for sale reflects investor confidence and helped achieve 10% public shareholding. The insurer will focus on growth, margins and distribution, while the government must raise public shareholding to 25% by 2032.

Analysts hold differing views on retail investor interest in LIC's offer for sale. The government is divesting a stake to meet minimum public shareholding norms. Some analysts…

MUMBAI: Govt on Tuesday opted to sell an additional 4% in LIC in the ongoing offer for sale (OFS) for the life insurance major as the issue was subscribed 3.3 times on the opening…

LICs retail offer for sale attracted strong investor interest, with the base retail issue subscribed 1.82 times. The governments 6.5% stake sale follows robust institutional…

LIC's OFS raised over ₹31,000 crore, achieving two-thirds of FY27's budget estimates for Miscellaneous Receipts.

The government successfully raised ₹31,552 crore through the Life Insurance Corp of India Offer for Sale. This significant mobilization increased the public ownership of LIC to…

MUMBAI: The government has mobilised Rs 31,552 crore by divesting a 6.5% stake in life insurance major LIC through the offer for sale (OFS) that closed on Wednesday. Compared to…

LIC OFS: The Indian government raised $3.3 billion by selling additional LIC shares in the country's biggest secondary stock offering after executing a tightly guarded stake sale.…