President of India Sells 6.50% Stake in LIC

The President of India, acting as the promoter of Life Insurance Corporation of India (LIC), has disclosed the sale of 82,23,33,559 equity shares, representing 6.50% of the total paid-up equity share capital. This sale occurred through an Offer for Sale (OFS) mechanism on August 4-5, 2026. The initial offer size was 2.50%, with an oversubscription option of an additional 4.00%, and a separate employee offer. This disclosure is made in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.