LICshares in focus as OFS to sellup to 6.5% stakeopens at 11% discount. Here’s allyouneed to know
- Posted on August 4, 2026
- By Business News Today
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- 1 min read
In brief
India's government initiates a significant divestment strategy through an Offer for Sale of Life Insurance Corporation shares, reducing its ownership stake by up to 6.5%. Institutional investors can participate at Rs 382 per share, representing an attractive 11% discount compared to the previous trading close. This strategic move aims to broaden LIC's shareholder base while meeting fiscal objectives, signaling the administration's commitment to gradual privatization of key public enterprises.
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LICshares in focus as OFS to sellup to 6.5% stakeopens at 11% discount. Here’s allyouneed to know
Life Insurance Corporation of India (LIC) will be in focus as the government launches its offer for sale (OFS) to divest up to a 6.5% stake. The issue opens for non-retail investors today at a floor price of Rs 382 per share, nearly 11% below Mondays closing price, as the government moves to increase LICs public shareholding.
