LIC stake sale delay due to market conditions
market hours1 source ↓written by the desknot a recommendation
- the IPO price
- 5% below
The stake sale of Life Insurance Corporation is likely postponed as the government awaits a rise in LIC's stock price. Currently trading at ₹900, shares are 5% below the IPO price of ₹949. The government aims for stabilization above the IPO level before proceeding, with roadshows planned for November and a sale expected by January 2026.
Not investment advice. For informational purposes only.