Years
The market regulator has exempted LIC on the request of the Government of India, which is the promoter of the company. SEBI has given LIC time till May 2027 to achieve 10% public shareholding. This means that the government will have to sell at least 6.5% stake in LIC in the next two years to meet the norms of the market regulator. According to the current market evaluation, the government will get about Rs 6,000 crore by selling 1% stake in LIC.
Life is working on further reduced its stake in the Insurance Corporation (LIC). Sources said that the government has given approval to sell more shares in LIC through the Offer for Sale (OFS) route. However, the conversation about this is still in the early stages. The disinvestment department will work on the fine details of this deal. Life Insurance Corporation of India (LIC) said that in June 2025 its individual premium collection has increased by 14.60 per cent on an annual basis. Currently, the government holds a 96.5 per cent stake in LIC. The government sold 3.5 percent stake in May 2022 via IPO. These shares were sold on the price band of Rs 902 to Rs 949 per share. With this, the government received around Rs 21,000 crore. A source said that it depends on the disinvestment department when he fulfills the decision to sell the shares after seeing the condition of the market. The government has to reduce its share of 6.5 % in the CLIC. This is necessary so that he can complete the rule of at least 10 percent public shareholding by 16 May 2027.
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The market regulator has exempted LIC on the request of the Government of India, which is the promoter of the company. SEBI has given LIC time till May 2027 to achieve 10% public shareholding. This means that the government will have to sell at least 6.5% stake in LIC in the next two years to meet the norms of the market regulator. According to the current market evaluation, the government will get about Rs 6,000 crore by selling 1% stake in LIC.
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According to sources, the required 6.5% stake is expected to be in stages. The Department of Investment and Public Property Management (Deepam), which oversees all matters related to the central government investment in equity, including the disinvestment of equity in central public sector enterprises, can take the quantity of sales and timely decisions in LIC based on market conditions.
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