<ul data-eligibleForWebStory="false"><li>The government is planning to sell a minority stake in LIC, which currently holds 96.5% stake in the company.</li><li>The government had already sold 3.5% stake in LIC through an IPO in May 2022, generating around ₹21,000 crore.</li><li>To meet the mandated 10% public shareholding requirement by May 16, 2027, the government needs to offload another 6.5% stake in LIC.</li><li>The discussions for the further share sale in LIC through the Offer for Sale (OFS) route are in early stages. The quantum of stake sale, price, and timing will be decided later.</li></ul>

Govt to sell minority stake in LIC

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