Mumbai, Aug. 4 -- The President of India, acting through the Department of Financial Services, Ministry of Finance, is offering up to 31,62,49,885 equity shares in the base issue through the stock exchange mechanism. The government has also retained an oversubscription option to sell up to an additional 50,59,99,816 shares, taking the total offer size to 82,22,49,701 shares.

The floor price for the OFS has been fixed at Rs 382 per share, representing a discount of 10.85% to LIC's previous closing price of Rs 428.50 on the NSE.

The OFS opened for non-retail investors on 4 August 2026 and will open for retail investors on 5 August 2026. Non-retail investors also have the option to carry forward their bids to the retail bidding day.

As of...