Government To Reduce Stake In LIC: Find Out Its Market Share | Paisa Live

The government is planning to reduce its stake in the country's largest insurance company, LIC. Currently, the central government holds a 96.5% share in this public sector giant. The government intends to make approximately 5% of its stake available in the market. To achieve this, it may opt for an FPO (Follow-On Public Offer) or a QIP (Qualified Institutional Placement). LIC’s previous IPO received significant public attention and was well-received. According to reports, the government is seriously considering this reduction in its stake in Life Insurance Corporation (LIC). This move is expected to impact the market and LIC’s future growth trajectory. To know the full story watch till the end.