# LIC stake sale raises $3.3 billion after institutional demand surges 2026-08-07T00:50:17+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet The government raised $3.3 billion by selling shares in Life Insurance Corp. of India, more than doubling the planned offer and making it India’s biggest stock exchange secondary offering. Institutional investors subscribed 3.32 times the base 2.5% portion, prompting the government to use its option to sell an additional 4%. Times Now reports the floor price was Rs 382 a share. Retail investors subscribed 69%, while the overall issue was subscribed 1.2 times, according to Mint. Mint reports that officials kept the launch date, size and price secret, even from some advisers, to limit speculative trading before the sale. The government’s LIC holding will fall to meet the 10% public shareholding requirement well before the May 2027 deadline. None of the four advisers charged an advisory fee, Mint reports. ## Coverage - livemint.com - timesnownews.com Tags: DIPAM, disinvestment, LIC, OFS, stock market Canonical: https://indianopinion.org/government-raises-3-3-billion-in-surprise-lic-share-sale/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/government-raises-3-3-billion-in-surprise-lic-share-sale/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.