Government to sell LIC minority stake; DIPAM to finalise plan;...

Government to sell LIC minority stake; DIPAM to finalise plan; 96.5% holding remains after 2022 IPO

Posted

The government is planning to sell more shares of Life Insurance Corporation (LIC) through an Offer for Sale (OFS). DIPAM will finalize the transaction details, with the government needing to offload a 6.5% stake by May 2027 to meet the 10% public ownership requirement. Currently, the government holds a 96.5% stake in LIC.

Read Full Article

Please log in to like, share and comment!

Sports

From 11,500 feet to the Durand Cup: 1 Ladakh FC make historic entry

1 Ladakh FC is set to make history as the first club from Ladakh to compete in the Durand Cup....

By 0 1

Business

Meta Infotech shares list at Rs 225 on BSE SME; 40% premium over IPO price — check details

Meta Infotech shares listed strongly on the BSE SME platform. The IPO opened at Rs 225, a...

By 0 1

Business

Gold price prediction today: What's the gold rate outlook for July 11, 2025; why a 'buy on dip' strategy makes sense?

Gold price prediction today: Gold prices are showing a positive trend, recovering from recent...

By 0 1

National

Flood in Rasuwa halts 250 MW of hydropower production

RASUWA: Heavy flooding in Lhende Khola, near the Nepal-China border, has forced the shutdown of...

By 0 9

Entertainment

Humaira likely passed away in October 2024: Report

Humaira Asghar Ali, a Pakistani actress and model, is dead. Officials discovered her body in her...

By 0 12