LIC shares drop 4% on Rs 10,000 crore govt stake sale buzz
- Posted on May 27, 2026
- By Business News Today
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- 1 min read
LIC shares drop 4% on Rs 10,000 crore govt stake sale buzz
LIC shares fell as much as 4% on Wednesday after a report said the government may begin formal marketing next month for a proposed stake sale worth up to Rs 10,000 crore. According to Bloomberg, the Centre plans to sell around a 2% stake in the insurer in late June or early July, with DIPAM working alongside investment bankers on the transaction.
