Business News

LIC OFS off to a strong start as institutional investors subscribe 66% by noon

FinSiddhi

Institutional investors subscribed nearly two-thirds of LIC shares offered by noon Tuesday. The government aims to divest up to 6.5% of its stake through this offer. This stake sale is expected to raise approximately Rs 31,000 crore for the government. The transaction also helps LIC meet Sebi’s minimum public shareholding requirements. This follows the government’s previous dilution in May 2022.
Read more at the source

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.

Related Posts

BlueStone Jewellery shares soar 7%. Should you buy at current levels or avoid?

BlueStone Jewellery and Lifestyle shares surged nearly 7%, extending their one-month rally to around 50% after robust Q1 FY27 earnings. The company reported a net profit of Rs 14 crore against a year-ago loss, while revenue rose 49% and EBITDA more than doubled. Analysts say the uptrend remains intact, but investors should watch key technical…

US stocks today: S&P 500 edges down with Iran and earnings season in focus

U.S. stocks closed slightly lower as investors balanced Middle East tensions with optimism around upcoming tech earnings. Markets remained cautious amid US-Iran developments and oil supply concerns, while attention shifts to results from major firms like Alphabet and Intel, expected to shape sentiment on corporate health and future growth outlook.