Govt plans to sell its stake in this Rs 586000 crore company, shares fall by…
The government currently has 96.5 percent of the company. In May 2022, he sold 3.5% through the first public offering (IPO).
Sources, Indian government Life Insurance Corporation (LIC) is working on more share sales and the disinstance department will solve the thinner details of the transaction, he said. The government currently has 96.5 percent shares in LIC. In May 2022, he sold 3.5% through the public offering. The sale of stocks brought the government around 21,000 RS Crore.
In the midst of the news, Lic shares decreased by 2.02 percent on Thursday and closed at 926.90 RS. The market value of the company stands at 5.86 Lakh Crore as of July 10. Sources said that the government has approved more stocks in LIC through the offspring route and that the discussions are still in a new stage. One source, “to look at the market situation and to finalize the sale of the pile of the Department of Dismination.” He said. The government must empty 6.5% share in Public Sector Life Insurance in order to meet the compulsory 10% Public stock requirement until 16 May 2027.
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Lic Q4 2025
LC, the fourth quarter ended in March 2025, the net profit was an increase of 38 percent and reached 19,013 RS, he said. This indicates an increase of 38 percent of the 13,763 Crore net profit recorded in the same quarter in the previous financial year.
(With inputs from PTI)
