The government has initiated an offer-for-sale (OFS) to offload a 2.5% stake in LIC, the nation's biggest insurer, with an additional 4% stake available as an option, bringing the potential total to 6.5%. The sale process started for non-retail investors this Tuesday and will be available to retail investors starting Wednesday, set at a floor price of ₹382 per share. At present, the Centre holds a 96.5% stake in the insurance company.
by shortkt.com✓