LIC share tumbles 8% as govt to sell up to 6.5% in state-run insurer, check floor price and other details

Shares of Life Insurance Corporation (LIC) tumbled by around 8 per cent on Tuesday, August 4, 2026, as the company announced it will sell up to a 6.5 per cent stake, or 82.22 crore shares, in the state-run insurer through an offer for sale (OFS). The two-day OFS is open for non-retail investors on Tuesday and for retail investors on Wednesday. The floor price for this OFS has been set at Rs 382 per share. If fully subscribed, the sale will add about Rs 31,000 crore to the disinvestment kitty. Government offers to disinvest 2.5 per cent equity with an additional 4 per cent as a green shoe option, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X.

Indiatv Indiatv · Wire Report · 4 hours ago · 1 min read

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WIRE — Shares of Life Insurance Corporation (LIC) tumbled by around 8 per cent on Tuesday, August 4, 2026, as the company announced it will sell up to a 6.5 per cent stake, or 82.22 crore shares, in the state-run insurer through an offer for sale (OFS). The two-day OFS is open for non-retail investors on Tuesday and for retail investors on Wednesday. The floor price for this OFS has been set at Rs 382 per share. If fully subscribed, the sale will add about Rs 31,000 crore to the disinvestment kitty. Government offers to disinvest 2.5 per cent equity with an additional 4 per cent as a green shoe option, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X.

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