Government proposes Offer for Sale of LIC equity shares

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LICI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-7.8%Reaction day

₹424.40

prior close

₹392.00

announcement price

After-mkt

timing

Nifty Midcap 150market-0.3%-7.5% vs market

Life Insurance peers, median of 5sector-1.5%-6.3% vs sector

On the reaction day the stock moved 7.5 pts less than Nifty Midcap 150 and 6.3 pts less than its Life Insurance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.0

10m

+1.1

15m

+1.5

30m

+1.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-7.8-0.3-7.5-1.5-6.3

Next day

-7.4-0.1-7.3-1.6-5.8

-8.7-0.5-8.2-1.9-6.8

-7.5-0.2-7.2-2.7-4.8

-7.4+0.2-7.6-2.4-5.0

-4.5+0.2-4.7-3.1-1.5

-3.3+0.5-3.8-2.7-0.6

15d

-0.1+0.5-0.6-0.9+0.8

-2.1-1.1-1.1-1.6-0.5

-8.4-7.1-1.3-10.7+2.3

—————

UpDownMarket · Nifty Midcap 150Sector · Life Insurance peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Government of India, LIC's promoter, has issued a notice of a proposed Offer for Sale of LIC equity shares of face value Rs. 10 each. The sale is part of the Centre's disinvestment programme to dilute its holding in the insurance major. The notice is preliminary; further details on the OFS size, floor price, discount, and schedule will be set out in the formal OFS announcement to retail and institutional investors.

Likely market impact

Existing holders may see short-term price pressure from supply addition. Sentiment will hinge on the floor price, any discount to market, and overall OFS size.