NewzThe Indian government is initiating an offer for sale to divest up to a 6.5% stake in the Life Insurance Corporation of India (LIC). The share offering is scheduled to begin on Tuesday and close on Wednesday, featuring a base price of Rs 382 per share.
This strategic divestment is designed to help the government meet regulatory minimum public shareholding norms ahead of its original schedule. Through the successful execution of this offering, authorities anticipate raising approximately Rs 31,400 crore.
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