Government plans LIC FPO to meet shareholding norms
pre-market1 source ↓written by the desknot a recommendation
- comply
- 10% public shareholding rule
- of LIC
- 96.5%
- through an IPO
- 3.5%
The government is considering a follow-on public offering (FPO) for Life Insurance Corporation (LIC) in the next financial year to comply with the 10% public shareholding rule. Currently, the government holds 96.5% of LIC, having previously diluted 3.5% through an IPO in May 2022. The Department of Investment and Public Asset Management (DIPAM) will evaluate the roadmap for this stake dilution based on market conditions.
Not investment advice. For informational purposes only.