Ahmedabad Times

Shares of Life Insurance coverage Company of India (LIC) dropped as a lot as 4% to an intraday low of Rs 810 on the BSE on Wednesday after a report mentioned the federal government might start formal advertising subsequent month for a proposed stake sale that will increase as much as Rs 10,000 crore ($1 billion).

The federal government plans to promote a stake of about 2% within the state-run insurer in late June or early July to institutional buyers, in accordance with a Bloomberg report.

The Division of Funding and Public Asset Administration (DIPAM), underneath the finance ministry, is working with Goldman Sachs Group, Motilal Oswal Funding Advisors, BNP Paribas SA, and IIFL Capital Companies to handle the transaction, the report added.

India had earlier offered a 3.5% stake in LIC in Could 2022 by means of what was then the nation’s largest preliminary public providing, elevating almost Rs 21,000 crore. The shares had been priced at Rs 949 apiece through the IPO.

As of March 31, the Indian authorities held a 96.5% stake in LIC, in accordance with trade information. The insurer has been given 10 years from its 2022 itemizing to adjust to the Securities and Trade Board of India’s requirement of sustaining a minimal public shareholding of 25%, giving the corporate till Could 2032 to satisfy the norm.

LIC bonus difficulty

LIC has fastened Could 29 because the report date to find out the eligibility of shareholders for the state-run insurer’s first-ever bonus difficulty within the ratio of 1:1.
The board had accredited the plan in April to difficulty one absolutely paid-up fairness share of Rs 10 every for each absolutely paid-up fairness share of Rs 10 every held by eligible shareholders as of the report date. The corporate added that it’ll difficulty the bonus shares by capitalising as much as Rs 6,325 crore from its reserves and surplus out there as of December 31, 2025, which stood at almost Rs 1.5 lakh crore.
LIC reported a consolidated web revenue of Rs 23,467 crore for This autumn of FY26, marking a 23% year-on-year (YoY) rise from the Rs 19,039 crore revenue reported within the corresponding quarter of the earlier monetary yr. The agency’s web premium earnings, in the meantime, rose 12% YoY to Rs 1.65 lakh crore for the quarter underneath assessment, in contrast with Rs 1.48 lakh crore a yr earlier.
For the monetary yr ended March 31, 2026, LIC reported a greater than 5% rise in property underneath administration (AUM) to Rs 57.29 lakh crore, whereas web revenue elevated greater than 19% year-on-year to Rs 57,419 crore.

With Wednesday’s decline, the inventory has snapped a three-day gaining streak on the bourses.

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