
Preparations are underway for a Rs 10,000 crore stake sale in LIC.
The central government is preparing to sell stake in state-run life insurance company LIC once again. Sources said that it is planning to sell shares equivalent to about 2 percent stake next month. It is said that it aims to raise about Rs 10,000 crore through this share sale. It seems that it is looking to sell these shares to institutional investors. The process may be in late June or early July, sources said.




