Institutional Investors Over-Subscribe LIC OFS, Government Exercises Green-Shoe Option

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Investment

4 August 2026 at 7:49 pm

Institutional Investors Over-Subscribe LIC OFS, Government Exercises Green-Shoe Option

HyperFast News

Summary

Institutional investors heavily over-subscribed the government's Life Insurance Corporation (LIC) Offer for Sale (OFS), with bids totaling Rs 36,400 crore, prompting the government to exercise its green-shoe option. Retail investors can participate starting Wednesday.

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