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Institutional investors have over-subscribed the government's 6.5% share sale of LIC by 3.32 times of its base size, bidding ₹36,400 crore. The OFS opens for retail investors tomorrow, on 5 August, at floor price of ₹382/share. .
Institutional investors over subscribe LIC OFS, bid ₹36,400 crore, retail offer in 6.5% stake sale begins tomorrow
Impact Score
Market Sentiment
→NeutralPrimary Sectors
Institutional investors have over-subscribed the government's 6.5% share sale of LIC by 3.32 times of its base size, bidding ₹36,400 crore. The OFS opens for retail investors tomorrow, on 5 August, at floor price of ₹382/share. 
Key Highlights
Institutional investors have over-subscribed the government's 6.5% share sale of LIC by 3.32 times of its base size, bidding ₹36,400 crore.
The OFS opens for retail investors tomorrow, on 5 August, at floor price of ₹382/share. .
Source
Livemint
Published
2h ago
Impact Score
70 / 100
Category
Indian Markets
Moderate near-term volatility expected while markets assess implications for Indian Markets.
What this means
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