Economy
Government Launches LIC Share Sale to Raise ₹31,000 Crore
The Times of India1h
THE BRIEF
1
The Indian government officially launched an Offer for Sale (OFS) on August 4, 2026, to divest a 6.5% stake in the Life Insurance Corporation (LIC).
2
The sale is priced at ₹382 per share, representing a 10% discount, with the government aiming to mobilize at least ₹31,000 crore to meet fiscal targets.
3
Non-retail investors can begin bidding immediately, with the government seeking to capitalize on strong market interest in the country's largest life insurer.