Asia Insurance Post
  • Home
  • Articles
  • Blog
  • Data
  • Facts
  • Editorial
  • Interviews
Select Page

Govt to sell minority stake in LIC

by AIP Online Bureau | Jul 10, 2025 | Eco/Invest/Demography, Indian News, Life | 0 comments

The quantum of stake sale, price and timing would be decided in due course, the source added.

The government needs to offload another 6.5 per cent stake in the public sector life insurer to meet the mandated 10 per cent public shareholding requirement by May 16, 2027.

New Delhi: The government is working on further stake sale in Life Insurance Corporation (LIC) and the disinvestment department would work out finer details of the transaction, sources said.

The government currently holds 96.5 per cent stake in LIC. It had sold 3.5 per cent through an initial public offering (IPO) in May 2022 at a price band of Rs 902-949 a share. The share sale fetched the government around Rs 21,000 crore.

Sources said the government has given its approval for further share sale in LIC through the OFS route and the discussions are still in the nascent stage.

“It is up to the disinvestment department to look at the market condition and conclude the stake sale,” a source said.

The government needs to offload another 6.5 per cent stake in the public sector life insurer to meet the mandated 10 per cent public shareholding requirement by May 16, 2027.

The quantum of stake sale, price and timing would be decided in due course, the source added.

LIC’s current market capitalisation stands at Rs 5.85 lakh crore.
Shares of LIC were trading at Rs 924.40 apiece, down 2.27 per cent over the previous close on the BSE.

Submit a Comment Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Extreme Weather: Euro Zone could lose 5% of GDP, says ECB
  • UP govt sets July 31 deadline for kharif crop insurance; farmers must report damage within 72 hours
  • Supervision of National Health Claims Exchange may be shifted from NHA to MoF to curb rising healthcare costs, source says
  • Govt to sell minority stake in LIC
  • Grievance redressal must go beyond disposal to ensure citizen’s satisfaction, Jitendra Singh

Categories

  • Articles
  • Banking & Bancassurance
  • Blog
  • Breaking News!
  • Briefs
  • Climate, Environment, Renewable Energy
  • Data
  • Disaster & Management
  • Eco/Invest/Demography
  • Editorial
  • Events
  • Facts
  • Features
  • Health
  • Indian News
  • Intermediaries
  • International News
  • Interviews
  • Life
  • Main Menu
  • Non-Life
  • Pandemic
  • Pension & Social Security
  • Policy
  • Regulation
  • Reinsurance
  • Risk Management
  • Simple
  • Technology
  • Trends, Facts
  • Uncategorized
  • Wealth Management/ Philanthropy
  • Workplace/Employee Benefits
  • Home
  • Articles
  • Blog
  • Data
  • Facts
  • Editorial
  • Interviews
  • Eco/Invest/Demography
  • Indian News
  • International News
  • Health
  • Non-Life
  • Pandemic
  • Technology
  • Risk Management
  • Reinsurance
  • Banking & Bancassurance
  • Wealth Management/ Philanthropy