LIC shares in focus as OFS to sell up to 6.5% stake opens at 11% discount. Here’s all you need to know

Life Insurance Corporation of India (LIC) will be in focus as the government launches its offer for sale (OFS) to divest up to a 6.5% stake. The issue opens for non-retail investors today at a floor price of Rs 382 per share, nearly 11% below Monday’s closing price, as the government moves to increase LIC’s public shareholding.