The Indian government, holding a 96.5% stake in Life Insurance Corporation (LIC) after selling 3.5% via IPO in 2022 for ₹21,000 crore, plans further dilution through a Follow-on Public Offering (FPO) in FY27 if market conditions allow. This aims to meet the 10% public shareholding norm by May 2027, requiring an additional 6.5% offload.
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