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Govt May Divest Stake in LIC via OFS This Fiscal
The New Indian Express Nagapattinam
|April 08, 2025
The government may divest further stake in the state-owned life insurer LIC in the current financial year, sources in Department of Investment and Public Debt Management (DIPAM) has informed the media on Monday.
The divestment will be through offer of sale (OFS), a method for promoters of the company to sell their shares to the public.
The government currently holds 96.5% in Life Insurance Corporation (LIC). In 2022, the government divested 3.5% in the state-owned life insurer and raised Rs 21,000 crore.
A DIPAM official has said that all policyholders will be given the option to buy LIC shares in the next round of disinvestment as well.
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