The Indian government has launched an Offer for Sale (OFS) to divest up to 6.5% of its stake in the Life Insurance Corporation (LIC) at a floor price of ₹382 per share.
The sale, which opened for non-retail investors on August 4, 2026, is expected to mobilize over ₹31,000 crore for the government's disinvestment target.
This move represents a significant step in the government's fiscal strategy to reduce its holding in the state-owned insurance giant while boosting market liquidity.