Archive · 13 Aug 2025

Govt. to Sell LIC Stake, Roadshows Planned

Govt. to Sell LIC Stake, Roadshows Planned

The Indian government is selling a small portion of its shares in LIC, an insurance company.

They plan to sell about 2.5% to 3% of their shares.

They hope to raise between Rs 14,000 and Rs 17,000 crore, and will begin promoting the sale in roadshows in two weeks.

Two financial companies are helping with the sale.

LIC needs more shares owned by the public, with a deadline of May 16, 2027, to meet the requirement.

Sources