Indian government raises ₹31,500 cr in LIC stake sale
after close1 source ↓written by the desknot a recommendation
- in Life Insurance
- 6.5% stake
- USD3.3 billion
- ₹31,500 cr
The Indian government successfully offloaded a 6.5% stake in Life Insurance Corporation of India (LIC), raising approximately ₹31,500 cr (USD3.3 billion). This marks India's largest stake sale to date, fulfilling two-thirds of the fiscal 2027 budget estimate for miscellaneous receipts. The transaction aimed to enhance public shareholding and monetize government assets.
Not investment advice. For informational purposes only.