Thursday, 6 August, 2026
Stealth & Speed: How India Pulled Off a Secret $3.3 Billion LIC Deal
By TechShots Studio
The Indian government raised $3.3 billion by selling a 6.5% stake in Life Insurance Corporation (LIC) through a tightly guarded Offer for Sale. To prevent market speculation, officials kept the launch date secret, giving advising bankers minimal advance notice. Advisers even worked for zero fee. Strong institutional demand allowed the government to expand the deal, boosting LIC's public shareholding to 10% ahead of SEBI's 2027 deadline.
Read full story at CIO ECONOMIC TIMES