Government plans to sell 2% stake in LIC to raise Rs.10,000-Cr

The government is planning a fresh stake sale of up to 2% in the Life Insurance Corporation of India , which could raise as much as Rs 10,000-Cr. The proposed transaction will follow the offer-for-sale route, targeting institutional investors, with a likely timeline in late June or early July. The government previously appointed Goldman Sachs, Motilal Oswal Investment Advisors, BNP Paribas, and IIFL Capital Services to manage the share sale process.