LIC investment

Government Plans 2-3% LIC Stake Sale To Meet Public Shareholding Norms By 2027

The Central government is reportedly planning to divest 2-3 percent of its stake in Life Insurance Corporation (LIC) during fiscal 2025-26, aligning with regulatory mandates to achieve 10 percent public shareholding by May 2027. According to sources cited in a Mint report, the divestment will be carried out in small...