The Government of India has raised ₹31,552 crore by selling a 6.5% stake in LIC through an Offer for Sale (OFS). The issue received strong interest from both retail and institutional investors and was oversubscribed.
With this stake sale, LIC’s public shareholding has increased from 3.5% to 10% , allowing the company to meet SEBI’s minimum public shareholding requirement well before the May 2027 deadline. This is also the largest public offering ever in India .