Institutional investors over subscribe LIC OFS, bid ₹36,400 crore, retail offer in 6.5% stake sale begins tomorrow

Institutional investors have over-subscribed the government’s 6.5% share sale of LIC by 3.32 times of its base size, bidding ₹36,400 crore. The OFS opens for retail investors tomorrow, on 5 August, at floor price of ₹382/share. 
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