Govt sells 6.5% LIC stake at discount, shares drop

Govt sells 6.5% LIC stake at discount, shares drop. LIC shares fell sharply after the government offloaded a 6.5% stake at a 12% discount to current market price. The move raised concerns over valuation and increased supply in a weak market. The disinvestment fetched ₹19,000 crore, one of the largest stake sales this year.

📊 STOCKS: $LICI | 🏢 SECTOR: CapitalMarkets | #HIGHIMPACT #disinvestment