New Delhi, Aug. 7 -- Life Insurance Corp. of India (LIC) announced its June quarter (Q1FY27) results on Thursday, but the stock has been in focus over the past four days for another sudden and significant development. The government announced an offer for sale (OFS) on Monday after market hours to offload 6.5% stake at Rs.383 per share, about 11% lower than the closing price of the day.







The sharp rise in LIC's economic profit has meant a whopping 750 basis points year-on-year expansion in VNB margin to 22.9% in Q1FY27, even as APE growth was soft at 8% to Rs.13,692 crore. VNB growth surged despite muted APE growth because the APE composition tilted towards a more profitable insurance business. The APE from non-participating individ...