<ul data-eligibleForWebStory="false"><li>The government is planning to sell 6.5% of its stake in LIC in tranches through the Offer for Sale route to meet the 10% public shareholding requirement by May 16, 2027.</li><li>The strategic sale of IDBI Bank, which is owned by government entities including LIC, is expected to be completed within the next four months, with the government and LIC divesting a combined 60.72% stake.</li><li>The due diligence process is ongoing for the strategic disinvestment of IDBI Bank, with the government having received multiple EoIs and prospective buyers already obtaining security clearance and being evaluated as fit and proper by RBI.</li><li>Shares of LIC and IDBI Bank were trading at ₹924.40 and ₹99.50 apiece, respectively, on the BSE as of July 10, 2025.</li></ul>

LIC, IDBI disinvestment moves forward amid Govt sale push

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