The Government of India has announced plans to divest up to a 6.5% stake in Life Insurance Corporation of India (LIC) through an Offer for Sale (OFS), a move that could raise as much as ₹31,400 crore (approximately $3.3 billion). The transaction is part of the government’s broader strategy to meet minimum public shareholding norms while continuing its disinvestment programme.
टैग: LIC
Stocks to Watch Today: DLF, IREDA, LIC, Paytm Among Key Shares in Focus on August 4
Stocks to Watch Today:Indian stock markets are expected to begin Tuesday’s session with investors tracking a busy day of corporate developments, quarterly earnings and strategic announcements. Shares of DLF, Indian Renewable Energy Development Agency (IREDA), Life Insurance Corporation of India (LIC), One97 Communications (Paytm) and several other companies are likely to remain in focus after reporting financial results or announcing significant corporate actions.
NIFTY50, SENSEX Today: Flat Opening Expected as Wall Street Gains, Oil Prices Rise and FIIs Stay Positive
New Delhi, August 4: Indian benchmark indices NIFTY50 and BSE Sensex are expected to open on a cautious note on Tuesday, August 4, with GIFT NIFTY indicating a largely flat start despite strong gains on Wall Street overnight. Investors are likely to remain focused on global market trends, crude oil prices, foreign institutional investor (FII) activity, corporate earnings and geopolitical developments in West Asia before taking fresh positions.
India Plans Up to $3.3 Billion LIC Stake Sale as Government Moves to Meet Public Shareholding Norms
The Government of India has announced plans to raise as much as 314 billion rupees (approximately $3.3 billion) by selling up to a 6.5% stake in state-owned Life Insurance Corporation of India (LIC). The move is part of the government’s ongoing disinvestment programme and aims to comply with India’s minimum public shareholding regulations.