{"id":1291942,"date":"2025-03-13T15:14:24","date_gmt":"2025-03-13T09:44:24","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1291942"},"modified":"2025-03-13T15:14:59","modified_gmt":"2025-03-13T09:44:59","slug":"govt-can-sell-2-3-stake-in-lic-to-private-investors-to-meet-disinvestment-targets","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/govt-can-sell-2-3-stake-in-lic-to-private-investors-to-meet-disinvestment-targets\/","title":{"rendered":"Govt Can Sell 2-3% Stake In LIC To Private Investors To Meet Disinvestment ‘Targets’"},"content":{"rendered":"\n

The central government appears to be contemplating to sell 2-3 per cent of its ownership in Life Insurance Corporation (LIC) as per the media report.<\/p>\n\n\n\n

\"Govt<\/figure>\n\n\n\n

Government Plans A Disinvestment In LIC<\/strong><\/p>\n\n\n\n

The central is planning to sell 2-3 per cent of its ownership in LIC in the coming times mostly depending on market conditions.<\/p>\n\n\n\n

This initiative is under the government\u2019s plan to reach the required 10 per cent public shareholding target by 2027. <\/p>\n\n\n\n

The above-mentioned stake sale may be carried out in several smaller tranches rather than a single offering in the next fiscal year, as indicated in the media report<\/a>.<\/p>\n\n\n\n

This depends on the contingent on favorable market conditions, as the Centre aims to optimize the value of its ownership in the insurer. <\/p>\n\n\n\n

Part Of a Divestment Strategy<\/strong><\/p>\n\n\n\n

Prior to this, the Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance had called for proposals from merchant bankers and legal consultants.<\/p>\n\n\n\n

The move is mainly focused on selling the minority stakes in certain public sector banks (PSBs) and financial institutions, such as LIC.<\/p>\n\n\n\n

This is a part of a divestment strategy to be implemented over the next three years. <\/p>\n\n\n\n

In a previous declaration, the state-owned insurance giant said that it was granted a three-year extension by market regulator Sebi to meet the minimum public shareholding requirements.<\/p>\n\n\n\n

They have given a new deadline for LIC in which the insurer has to reach 10 percent public shareholding by May 16, 2027. <\/p>\n\n\n\n

The SEBI regulations stipulate that all publicly listed companies must uphold a 25 percent public float hence raising the demand for divestment.<\/p>\n\n\n\n

For the newly listed firms, they provide a three-year period to meet this requirement. <\/p>\n\n\n\n

This changes for the firms that have a post-issue market valuation above Rs 1 lakh crore.<\/p>\n\n\n\n

For them, the period to fulfill the 25 per cent minimum public shareholding (MPS) requirement is extended to five years. <\/p>\n\n\n\n

A Huge Loss For LIC<\/strong><\/p>\n\n\n\n

In the meantime, IndusInd Bank share price crash<\/a> burnt a hole in India’s biggest life insurer and domestic institutional investor Life Insurance Corporation’s (LIC) portfolio.<\/p>\n\n\n\n

It has resulted in a loss of over \u20b9900 crore for the insurer.<\/p>\n\n\n\n

This all started when IndusInd Bank’s share price crashed 27% on Tuesday, March 11.<\/p>\n\n\n\n

It has witnessed its lowest level since November 2020, after the lender flagged accounting discrepancies in its derivatives portfolio, which is likely to have a one-time impact on its earnings.<\/p>\n","protected":false},"excerpt":{"rendered":"

The central government appears to be contemplating to sell 2-3 per cent of its ownership in Life Insurance Corporation (LIC) as per the media report. Government Plans A Disinvestment In LIC The central is planning to sell 2-3 per cent of its ownership in LIC in the coming times mostly depending on market conditions. This […]<\/p>\n","protected":false},"author":27,"featured_media":1291965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[7263,908,181,7262,471],"class_list":["post-1291942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-disinvestment-targets","tag-govt","tag-lic","tag-private-investors","tag-psu"],"acf":[],"yoast_head":"\nGovt Can Sell 2-3% Stake In LIC To Private Investors To Meet Disinvestment 'Targets' - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/govt-can-sell-2-3-stake-in-lic-to-private-investors-to-meet-disinvestment-targets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt Can Sell 2-3% Stake In LIC To Private Investors To Meet Disinvestment 'Targets' - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"The central government appears to be contemplating to sell 2-3 per cent of its ownership in Life Insurance Corporation (LIC) as per the media report. 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