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LIC shares in focus as government plans to sell stake

The government of India is considering a further stake sale in the Life Insurance Corporation (LIC) through an Offer for Sale (OFS). Following a successful IPO in 2022, the government aims to meet SEBI's public shareholding requirement by 2027. The divestment department will determine the timing and magnitude of the sale and the share price, considering current market conditions.

Government to sell more LIC shares: Details on timing & stake
Government to sell more LIC shares: Details on timing & stake
| Updated on: Jul 10, 2025 | 07:05 PM

New Delhi: The government is considering a stake sale in the state-backed Life Insurance Corporation (LIC). In this regard, the Department of Investment and Public Asset Management is working to create a framework for the proposed stake sale, said the sources.

Currently the government holds a 96.5 percent stake in LIC. Earlier, it had sold 3.5 percent through an initial public offering (IPO) in May 2022 at a price band of Rs 902-949 per equity share. The LIC divestment process filled the government coffers by Rs 21000 crore.

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As per the sources, the government has agreed to give its approval for further share sales in LIC through the offer for sale (OFS) route, and further 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 was quoted by PTI as saying.

As per SEBI regulation, the govt needs to offload another 6.5 percent stake in the public enterprise to ensure the mandated 10 percent public shareholding requirement by May 2027.

The magnitude of the share sale, stake, and timing is set to be decided by DIPAM in due course of time, said the sources.

LIC Share Price

The shares of LIC closed at Rs 926.55 on Wednesday, July 10th, 2025. The stock jumped around 5 percent in last one month. The LIC stock has given a 10.26 percent negative return in last one year. The market capitalisation of the company is Rs 5.85 lakh crore, as per BSE. The price-to-earnings (P/E) ratio of the company is 12.13. The company reached its 52-week high at Rs 1,221.50, while the 52-week low stands at Rs 715.35.

(Disclaimer: (Disclaimer: This article is only meant to provide information. TV9 Network does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds and crypto assets.))

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