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LIC shares fall 3% on govt stake sale roadshow plans
short by / on 13 Aug 2025,Wednesday
LIC shares slipped 3% to ₹888.50 after reports said the govt will hold roadshows to sell a 2.5-3% stake, aiming to raise ₹14,000 - ₹17,000 crore. LIC must lift public shareholding to 10% by May 2027 from 3.5% now. Q1 profit rose 4% year-on-year to ₹10,957 crore while retail sentiment stays bullish.
short by / 04:16 pm on 13 Aug
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