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Business
Govt to Sell 6.5% Stake in LIC
✍️ The Times of India
🗓 04 Aug 2026, 12:48 PM
👁 6
The government plans to sell up to 6.5% of its stake in LIC, potentially raising Rs 31,000 crore. This move is expected to have significant implications for the Indian economy.
The Indian government has announced plans to sell a significant portion of its stake in the Life Insurance Corporation of India (LIC). The proposed sale of up to 6.5% of the government's stake in LIC is expected to generate substantial revenue for the government. This move is part of the government's efforts to raise funds and meet its disinvestment targets. The sale is anticipated to raise around Rs 31,000 crore, which will be used to finance various government projects and initiatives.