India plans $1.3 billion LIC share sale

India plans $1.3 billion LIC share sale. The government aims to raise $1.3 billion through a stake sale in Life Insurance Corporation of India (LICI), marking a significant divestment move. This step is part of broader fiscal targets to meet disinvestment goals. The market may see volatility as supply increases.

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