Stake Sale
LIC says not heard from govt on stake sale, but tranches likely in FY27
This story was originally published at 19:43 IST on 5 February 2026
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--LIC: Govt likely to take steps in FY27 to cut stake in LIC
--LIC: No roadshows yet by govt to cut stake in LIC
--LIC: Not yet heard from govt on further dilution of LIC stake
NEW DELHI – While the government has not yet reached out to Life Insurance Corp. of India on the final plan to offload its stake in the insurer, some tranches are likely in the next financial year, the company's management said Thursday. The government has not yet undertaken any roadshows for the sale, the management said.
The government aims to reduce its holding in the insurance company by 6% over the next two years. The government has not yet communicated whether the stake sale will be through an offer for sale, qualified institutional placement, or a mix of both, the management said.
Meanwhile, an official from the finance ministry said that discussions are underway with LIC and the Securities and Exchange Board of India on the number of tranches and the appropriate size for each tranche, Informist reported Thursday.
The government had sold a 3.5% stake in the insurer through an initial public offering in 2022-23 (Apr-Mar), raising INR 205.16 billion. Based on the latest market price, the government could raise INR 51 billion by offloading just 1% of its stake in the insurance behemoth. Shares of LIC ended 0.5% higher Thursday, at INR 839.75 on the National Stock Exchange. End
Reported by Krity Ambey and Shweta
Edited by Saji George Titus
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