Capital Markets #lic#ofs
LIC OFS Draws 66% Institutional Subscription by Noon as Centre Sells 6.5% Stake
Institutional investors subscribed 66.10% of the reserved portion in the first leg of the government's LIC Offer-for-Sale by noon Tuesday, bidding for 18.81 crore shares at an indicative Rs 382.07. The Centre is selling up to 6.5% of its LIC stake, with a fully subscribed offer set to raise about Rs 31,000 crore at the Rs 382 floor price.
Aug 4, 2026 1 source