{
  "id": 115082,
  "title": "LIC slips to lowest in nearly 4 months on discounted stake sale",
  "url": "https://urgent.news/2026/08/04/lic-slips-to-lowest-in-nearly-4-months-on-discounted-stake-sale",
  "topic": "world",
  "section": "World",
  "published": "2026-08-04T04:54:05.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/stock-markets/lic-slips-to-lowest-in-nearly-4-months-on-discounted-stake-sale/article71303912.ece"
  },
  "original_language": "en",
  "account": "India's Life Insurance Corporation (LIC) experienced its lowest share prices in nearly four months on Tuesday following the government's announcement to sell up to a 6.5% stake at a significant discount to the previous trading price. Initially, the government planned to sell a 2% stake, with the possibility of a further 4.5% divestment, marking the first such sale since LIC's debut on the stock market in 2022. As of 9:41 am IST on Tuesday, LIC's stock plummeted 7.28% to 397.3 rupees.\n\nIf the entire offering is subscribed, the sale would generate approximately 314.1 billion rupees ($3.30 billion), raising the public shareholding in LIC to 10% from the current 3.5%. This move is aimed at fulfilling the minimum public shareholding requirement set by the market regulator before the May 2027 deadline.",
  "summary": "As of 9:41 am IST, the stock was down 7.28% at ₹397.3",
  "key_points": [
    "LIC's share price hits lowest in 4 months",
    "Government to sell up to 6.5% stake at discount",
    "Sale could raise 314.1 billion rupees"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}