The record
Written from the 1 report below. Nothing here is unsourced.
- The Indian government has offered to sell up to 6.5% of its stake in state-run insurer Life Insurance Corporation through an Offer For Sale.
- The sale includes a base offer of 2.5% equity, with an additional 4% available as a green shoe option.
- The shares are being offered at a fixed floor price.
- This matters because it is a significant divestment in one of India's largest state-owned insurers.
What to watch next
- Whether the full 4% green shoe option is exercised
- Investor response to the fixed floor price
Coverage1
1 report
English national1
All filed from India
Named India · Life Insurance Corporation · Government of India
The 1 report is listed beside the record.
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