Institutional investors over-subscribe LIC OFS, govt opts for green-shoe option
- Posted on August 4, 2026
- By Business News Today
- 0 Views
- 1 min read
In brief
Generating AI summary…
Institutional investors over-subscribe LIC OFS, govt opts for green-shoe option
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 received on Tuesday. The government is offloading a 6.5 percent stake in the leading insurer to fulfill regulatory public shareholding mandates sooner than anticipated. Retail investors will have the opportunity to engage in this offer beginning Wednesday.
