LIC Promoter to Sell 2.5% Stake via Offer for Sale

The President of India, acting through the Department of Financial Services, Ministry of Finance, proposes to sell up to 31,62,49,885 equity shares of Life Insurance Corporation of India (LIC), representing 2.50% of the total paid-up equity share capital. This Offer for Sale (OFS) will take place on August 4, 2026, for non-retail investors and August 5, 2026, for retail investors. The promoter also has an option to sell an additional 50,59,99,816 equity shares (4%), potentially increasing the total offer size to 6.50%. Additionally, up to 50,00,000 shares may be offered to eligible employees. The OFS aims to achieve minimum public shareholding norms.