The Government of India initiated an Offer for Sale (OFS) for Life Insurance Corporation of India (LIC), offering up to 6.5% of its stake at a base price of ₹382 per share on August 4, 2026. Retail investors are offered a 5% discount. LIC is India's largest life insurance company with a market capitalisation of ₹6+ lakh crore. The government held 96.5%+ in LIC post-IPO (2022). LIC's IPO in 2022 was India's largest ever at ₹21,000 crore. This OFS is part of FY27 divestment targets managed by DIPAM (Department of Investment and Public Asset Management).
Economy
Government of India Initiates LIC OFS — 6.5% Stake at ₹382/Share Base Price; Retail Investors Get Discount
Key Points
- The Government of India initiated an Offer for Sale (OFS) for Life Insurance Corporation of India (LIC), offering up to 6.5% of its stake at a base price of ₹382 per share on August 4, 2026
- Retail investors are offered a 5% discount
- LIC is India's largest life insurance company with a market capitalisation of ₹6+ lakh crore
- The government held 96.5%+ in LIC post-IPO (2022)
- LIC's IPO in 2022 was India's largest ever at ₹21,000 crore
- This OFS is part of FY27 divestment targets managed by DIPAM (Department of Investment and Public Asset Management)
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• LIC OFS: Government sells 6.5% stake; base price ₹382/share; retail investors get 5% discount (Aug 4, 2026) • LIC: Life Insurance Corporation of India; est. 1956; India's largest life insurer; ₹6+ lakh crore market cap • LIC IPO 2022: India's largest IPO (₹21,000 crore); Government holds 96.5%+ post-IPO • DIPAM: Department of Investment and Public Asset Management; manages Government's divestment
