Govt raises $3.3B selling 6.5% LIC stake

Govt raises $3.3B selling 6.5% LIC stake — The Indian government has raised $3.3 billion through the sale of a 6.5% stake in Life Insurance Corporation (LIC), marking one of the largest disinvestment moves this fiscal. The strategic stake sale reflects continued government efforts to meet its ₹1.8 trillion divestment target. Market analysts view the successful bid as a positive signal for future public asset monetization plans.

📊 STOCKS: LICI | 🏢 SECTOR: CapitalMarkets | #HIGHIMPACT #StakeSale