The stake sale raised LIC’s public shareholding from 3.5 per cent to 10%, allowing the government to meet the minimum public shareholding requirement ahead of the regulatory deadline

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…

The stake sale raised LIC’s public shareholding from 3.5 per cent to 10%, allowing the government to meet the minimum public shareholding requirement ahead of the regulatory…