LIC stock sinks 7% as government launches up to Rs 31,000 crore OFS to sell 6.5% stake at steep discount
Life Insurance Corporation of India (LIC) shares crashed on Tuesday after the government launched an offer for sale (OFS) of up to 6.5 percent stake at a floor price of Rs 382 per share, an 11 percent discount to the previous closing price.
Life Insurance Corporation of India (LIC) shares crashed on Tuesday after the government launched an offer for sale (OFS) of up to 6.5 percent stake at a floor price of Rs 382 per share, an 11 percent discount to the previous closing price.
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