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Finance Government raises LIC OFS size; offer becomes India's biggest stake sale
The government expanded LIC's ongoing offer for sale by an additional 4% after the issue was subscribed 3.3 times on day one, taking the total offer to 82.2 crore shares. At the base price of Rs 382, the OFS is expected to raise about Rs 31,400 crore, making it India's largest-ever offer for sale. Total demand reached nearly 94.5 crore shares, and retail investors will bid on the closing day.
August 5, 2026
Finance Government mops up Rs 31,552 crore from LIC share sale via OFS
The government raised Rs 31,552 crore by selling a 6.5% stake in LIC through an offer for sale, the biggest public offer in Indian stock market history. Shares were allotted at Rs 383.69, above the base price of Rs 382, with demand for 111.3 crore shares against 82.2 crore on offer. LIC's public shareholding now stands at 10%, meeting Sebi's minimum public shareholding norm ahead of schedule.
August 6, 2026
Finance Government to Sell Up to 5% Stake in GIC at Rs 352 per Share; OFS Opens June 16
The government will sell up to 5% stake in GIC at Rs 352 per share through an Offer for Sale (OFS) opening on June 16, according to a Business Today report.
June 15, 2026
Business Government Sells 2.52% Stake in Cochin Shipyard at Rs 1,400 per Share via Offer for Sale
The Centre has launched an Offer for Sale of 2.52% equity in Cochin Shipyard Ltd at a floor price of Rs1,400 per share, with an additional 2.52% greenshoe option. Non-retail investors can bid on July 7, 2026, followed by retail investors on July 8. The divestment is part of broader maritime sector initiatives including the Rs25,000 crore Maritime Development Fund.
July 8, 2026