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The Economic Times
The Economic Times
Akash Podishetti

LIC OFS opens on August 4 as govt looks to sell up to 6.5% stake. Check details

LIC OFS Insurance

The government will open an offer for sale in Life Insurance Corp (LIC) on Tuesday for non-retail investors, as it moves to reduce its stake in the country's largest insurer and meet minimum public shareholding milestones ahead of schedule. Retail investors will be able to bid on Wednesday.

The government plans to sell 2.5% equity in LIC, with an additional 4% available as a green shoe option. If fully subscribed, the offer could lead to a total stake sale of up to 6.5%.

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