Govt plans up to 2% LIC stake sale, may raise Rs 10,000 crore
- Posted on May 27, 2026
- By Business News Today
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- 1 min read
Govt plans up to 2% LIC stake sale, may raise Rs 10,000 crore
The government plans to sell up to a 2% stake in LIC, potentially raising Rs 10,000 crore. This move aims to deepen public shareholding amid improving profitability. The stake sale is likely in late June or early July. Merchant bankers were appointed last year. This divestment will help meet the government's asset monetisation target.
