LIC shares plunge 9% as government's OFS opens with 11% discount

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4 August 2026 at 11:45 am

LIC shares plunge 9% as government's OFS opens with 11% discount

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Summary

Shares of Life Insurance Corporation of India (LIC) tumbled 9% as the government's offer for sale (OFS) opened with an 11% discount, aiming to gradually increase public shareholding and raise funds.

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