LIC stake sale: Centre mulls up to $1.5 bn divestment by year-end, Sebi float rule drives move
The government plans to sell a $1-1.5 billion stake in LIC by year-end to boost public shareholding to 10%, meeting Sebi norms. Discussions are underway for the stake sale, likely in tranches, with QIP and OFS options being considered. This move aims to comply with regulatory requirements by May 2027.
The government plans to sell a $1-1.5 billion stake in LIC by year-end to boost public shareholding to 10%, meeting Sebi norms. Discussions are underway for the stake sale, likely in tranches, with QIP and OFS options being considered. This move aims to comply with regulatory requirements by May 2027.
