Shareholding7 Aug 2026, 06:20 pm
LIC Promoter Sells 6.5% Stake via Offer for Sale
AI Summary
The President of India, acting through the Ministry of Finance, has completed the sale of 82,23,33,559 equity shares, representing 6.50% of the total paid-up equity share capital of Life Insurance Corporation of India (LIC). This divestment was conducted through an Offer for Sale (OFS) mechanism on August 4-5, 2026. The sale included a base offer size of 2.50% and an oversubscription option of 4.00%, along with an employee offer. Following this transaction, the promoter's holding in LIC has been reduced.
Key Highlights
- Promoter sold 6.50% stake in LIC via Offer for Sale.
- Transaction occurred on August 4-5, 2026.
- Sale included base offer and oversubscription option.
- Employee offer was also part of the divestment.
- Promoter's shareholding in LIC has decreased.
Price Impact
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