Government plans LIC stake sale via FPO next fiscal year
after close1 source ↓written by the desknot a recommendation
- Currently holding
- 96.5%
- by May 2027
- 10% public shareholding requirement
- May 2022 raised
- ₹21,000 cr
- 3.5% stake
The government is considering a stake sale in Life Insurance Corporation (LIC) through a follow-on public offering (FPO) in the next financial year. Currently holding 96.5%, the government aims to reduce its stake to meet the 10% public shareholding requirement by May 2027. The last IPO in May 2022 raised ₹21,000 cr for a 3.5% stake.
Not investment advice. For informational purposes only.