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The government will sell up to a 6.5% stake in the state-owned Life Insurance Corporation of India at a ~10% discount to its August 03, 2026 closing price of ₹424.35 on BSE, as it moves to comply with regulatory requirements. The stake sale will fetch the government up to ₹314 billion, which consists of a base size of a 2.5% stake and an additional 4% green shoe option. The offer for sale, priced at ₹382 per share, will open on August 4, 2026, and the end date is August 5, 2026.
At 12.32 pm, Life Insurance Corporation of India was trading at Rs. 394.80, down by 6.96%, with a volume of 10.88 lakh shares on the BSE.
LIC stock tanks ~7% after the govt launches OFS at a ~10% discount to the previous closing price
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