It's a secret: LIC’s unusually fast $3.3 billion deal kept bankers in dark

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1. Thu, 6 August 2026

   1 report
   • indiatimes.com03:28first to report
     It's a secret: LIC’s unusually fast $3.3 billion deal kept bankers in dark

     LIC OFS: The Indian government raised $3.3 billion by selling additional LIC shares in the country's biggest secondary stock offering after executing a tightly guarded stake sale. Officials kept the launch secret, accelerated the timeline, and expanded the offer following strong institutional demand. The sale lifts LIC's public shareholding to 10%, meeting SEBI's listing requirement well ahead of the 2027 deadline.