Government to sell up to 6.5% stake in LIC, may mop up Rs 31k cr
The Indian government is selling up to 6.5% stake in LIC through an offer for sale (OFS) at a base price of Rs 382 per share.
The OFS includes a base offer of 2.5% (31.6 crore shares) and a green shoe option of 4% (50.6 crore shares), aiming to raise about Rs 31,400 crore.
The stake sale will increase LIC's public shareholding from 3.5% to 10%, meeting Sebi's minimum public shareholding norm ahead of schedule.
Non-retail investors can bid on Tuesday, August 4, 2026; retail investors on Wednesday, August 5, 2026.
Proceeds will boost the government's disinvestment kitty from Rs 21,000 crore to around Rs 52,000 crore, helping meet the annual target of Rs 80,000 crore.
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