Times of IndiaLean R·
LIC OFS off to a strong start as institutional investors subscribe 66% by noon
Institutional investors subscribed nearly two-thirds of LIC shares offered by noon Tuesday. The government aims to divest up to 6.5% of its stake through this offer. This stake sale is expected to raise approximately Rs 31,000 crore for the government. The transaction also helps LIC meet Sebi's minimum public shareholding requirements. This follows the government's previous dilution in May 2022.
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