Sale4 Aug 2026, 09:30 pm
LIC Promoter Sells Additional 4% Stake via Oversubscription Option
AI Summary
The President of India, acting through the Department of Financial Services, Ministry of Finance, has exercised the Oversubscription Option to sell an additional 50,59,99,816 Equity Shares (4.00%) of Life Insurance Corporation of India (LIC). This is in addition to the initially proposed 31,62,49,885 Equity Shares (2.50%), bringing the total offer size to 6.50%. Retail investors and employees will bid at a discount of ₹210 per share, with retail investors bidding at ₹373.10 and non-retail investors at ₹383.10. Up to 50,00,000 shares are also offered to eligible employees.
Key Highlights
- Promoter exercised oversubscription option for an additional 4% stake.
- Total offer size increased to 6.50% of LIC's equity share capital.
- Retail investors and employees get a discount on share price.
- Cut-off price for non-retail investors remains ₹383.10.
- Additional shares offered to eligible LIC employees.
Price Impact
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