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India plans an FPO to sell 6.5% of LIC by May 2027 to meet a 10% public ownership target.
The Indian government plans a follow-on public offer (FPO) for Life Insurance Corporation (LIC) in the next financial year to meet a 10% public ownership mandate by May 2027, requiring a 6.5% stake sale.
Currently holding 96.5% of LIC, the government sold 3.5% in a 2022 IPO.
The FPO's timing, size, and pricing depend on market conditions and approvals, with DIPAM overseeing the process.
LIC reported a 32% year-on-year profit increase to Rs 10,053 crore for the quarter ending September 2025, with total income reaching Rs 2.396 lakh crore.
The insurer’s market cap stands at Rs 5.08 lakh crore, and shares traded near Rs 804 on the BSE.
La India planea una FPO para vender el 6,5% de LIC para mayo de 2027 para cumplir con un objetivo de propiedad pública del 10%.