Sale of 6.5% stake in LIC
New Delhi: The government plans to sell up to a 6.5% stake in the Life Insurance Corporation of India (LIC) through an Offer for Sale (OFS). This OFS (Offer for Sale) will be available to non-retail investors on Tuesday and to retail investors on Wednesday. The government has fixed the floor price at ₹382 per share for the OFS. Through this OFS, 82.22 crore shares—representing a 6.5% stake—will be sold. This disinvestment is expected to generate ₹31,000 crore for the government.
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