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Tuesday, August 4, 2026

Govt ups LIC offer size, OFS India's biggest

The government has announced an extra four percent sale in LIC’s offering, responding to considerable interest revealed by a 3.3 times subscription on day one. This strong demand from institutional buyers led to the exercise of the green shoe option, anticipating a total raise of roughly Rs 31,400 crore from this share sale. Retail investors can participate by bidding on the last day.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/yEIWm6o

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Govt ups LIC offer size, OFS India's biggest

The government has announced an extra four percent sale in LIC’s offering, responding to considerable interest revealed by a 3.3 times subsc...