Economy · India
Government Sells LIC Stake, Raises Over Rs 31,000 Crore
The Indian government has raised over Rs 31,500 crore by selling a 6.5% stake in the Life Insurance Corporation of India (LIC) through an Offer for Sale (OFS). This sale has increased the public holding in LIC to 10%. Reports indicate insurance stocks saw a jump following the sale, attracting investors. However, some coverage noted a dip in LIC's share price, with one outlet mentioning an 8% drop and an OFS discount for retail investors.
How outlets across the spectrum covered it
Left 2 · Centre 5 · Right 2 n = 9
- Left (2): National Herald, The Telegraph (India)
- Centre (5): Jansatta, Patrika, The Lallantop, The New Indian Express, The Times of India
- Right (2): Dainik Jagran, Punjab Kesari