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The Government of India will sell up to 31.62 crore LIC shares, representing 2.5% of paid-up equity, through an August 4–5 OFS, with an option to increase the sale to 6.5% or 82.22 crore shares. The floor price is ₹382 per share.
Government Launches Up To 6.5% LIC OFS At ₹382 Floor Price
Government Sells Up To 6.5% LIC Stake Via ₹31,410 Crore OFS
LIC CFO Sunil Agrawal Resigns Effective July 14