<ul data-eligibleForWebStory="false"><li>The government has approved further share sale in LIC through the Offer for Sale (OFS) route.</li><li>The government currently holds 96.5% stake in LIC and needs to offload another 6.5% to meet the 10% public shareholding requirement by May 16, 2027.</li><li>The discussions for the share sale are still in the early stages, with the disinvestment department expected to finalize the details.</li><li>The quantum of stake sale, price, and timing will be determined later, and LIC's current market capitalization is Rs 5.85 lakh crore.</li></ul>

LIC Share Sale: Government To Offload Minority Stake Via OFS

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