CLOSED
LIC's Rs 31,410-crore offer for sale (OFS) was fully booked on Tuesday on Day 1. The government aims to pare its stake through a 2.5% base offer, with an additional 4% green shoe option, while retail investors can bid on August 5.
LIC OFS: Non-retail portion fully subscribed on Day 1. Here’s what investors should know
Impact Score
Market Sentiment
→NeutralPrimary Sectors
LIC's Rs 31,410-crore offer for sale (OFS) was fully booked on Tuesday on Day 1. The government aims to pare its stake through a 2.5% base offer, with an additional 4% green shoe option, while retail investors can bid on August 5.
Key Highlights
LIC's Rs 31,410-crore offer for sale (OFS) was fully booked on Tuesday on Day 1.
The government aims to pare its stake through a 2.5% base offer, with an additional 4% green shoe option, while retail investors can bid on August 5..
Source
Economic Times
Published
3h ago
Impact Score
70 / 100
Category
Infrastructure
Moderate near-term volatility expected while markets assess implications for Infrastructure.
What this means
No linked events found.