Government Moves to Sell Up to 6.5% Stake in LIC Through OFS, Eyes Over ₹31,000 Crore
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August 4, 2026
Government launches LIC OFS to sell up to 6.5% stake, potentially raising over ₹31,000 crore while increasing public shareholding to 10%.
LIC is not being privatised
JNS: Life Insurance Corporation of India (LIC) has not been privatized, said Central Government. Replying to a supplementary question during the Question Hour in Lok Sabha, Minister of State for Finance, Anurag Thakur said, the government is bringing in…