India's LIC OFS Raises Rs 31,552 Crore
Analysis based on 15 articles · First reported Aug 04, 2026 · Last updated Aug 06, 2026
The successful OFS strengthens the government's disinvestment receipts, with FY27 stake sale proceeds crossing Rs 52,000 crore, the highest since FY2019. LIC's improved public float may enhance its liquidity and index inclusion prospects, though the share price dipped slightly post-offer.
The India — India successfully completed an Offer for Sale (OFS) of its stake in Life Insurance Corporation (LIC), raising Rs 31,552 crore. The OFS was oversubscribed on both days, prompting the government to fully exercise the green shoe option, increasing the total stake sold to 6.5%. This raised LIC's public shareholding to 10%, meeting the India — Securities and Exchange Board of India's minimum public shareholding requirement ahead of the May 2027 deadline. The transaction is India's largest public offering ever in terms of amount raised, with 82.23 crore shares allocated. Despite strong demand, LIC shares traded lower by over 1% on the day following the OFS close.
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