Mumbai, May 27 -- As on 31st March 2026, the government held 96.50% stake in the company.

According to media reports, the proposed stake sale could help the government raise up to Rs 10,000 crore (around $1 billion).

In May 2022, the government had offloaded a 3.5% stake in LIC through its IPO, garnering about Rs 21,000 crore. The shares were issued at a price of Rs 949 apiece.

Life Insurance Corporation of India is engaged in the business of life insurance in and outside India. It offers a range of individual and group insurance solutions including participating, non-participating and unit linked business. The portfolio comprises of various insurance and investment products such as protection, pension, savings, investment, annuity, he...