LIC sold a stake through the Offer for Sale (OFS) mechanism on August 28, 2026.
1 report, 1 independent
Updated Aug 28
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
LIC sold a stake through the Offer for Sale (OFS) mechanism on August 28, 2026.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- AXIS Capital served as the settlement broker for a sale involving OFS on August 28, 2026.Sub-event
LIC executed a stake sale via the OFS mechanism.1 source
Keep exploring
The entities involved
-
Life Insurance Corporation of India
Indian state-owned insurance group and investment company
Nothing else this week.
-
OFS
international fiber optic company based in Norcross, Georgia, USA
Nothing else this week.
Related events
- LIC is projected to outperform private insurance peers in profitability.
- Centre and LIC jointly plan to sell 60.72 percent stake in IDBI Bank, seeking Rs 50,000 crore via divestment.
- LIC and SUUTI hold stakes in ITC, while HDFC Securities maintains an 'Add' rating on the stock.
- LIC, ADIA, and Dragoneer participated in an Indian IPO in Mumbai.