Government Disinvests Stake in Life Insurance Corporation through Offer for Sale
The transaction comprises a base offering of 2.5% along with a 4% greenshoe option, bringing the total potential equity dilution to 6.5%.
A discounted floor price of ₹382 per share was fixed, with an additional discount of ₹10 per share extended exclusively to retail participants.
Executing the full sale option is estimated to raise approximately ₹31,000 crore, boosting public shareholding in LIC from 3.5% toward 10%.
Key Facts / Static GK
LIC Headquarters: Mumbai, Maharashtra
SEBI Minimum Public Shareholding (MPS) Norm: Listed companies must maintain at least 25% public float (special relaxed deadlines apply to large public sector units).
Q Practice Quiz — 5 August 2026
1. Which of the following statements regarding the RBI's updated Bulk Deposit Interest Rate Directions 2026 is/are correct?
Explanation: Statement I: The framework allows differential rates on bulk deposits based on LCR run-off rates from October 1, 2026. Statement II: Commercial banks and SFBs share a bulk deposit threshold of ₹3 crore, while RRBs have a threshold of ₹1 crore.
2. Under the revised CGSMFI 2.0 guidelines, what is the mandatory minimum combined allocation percentage of guarantee cover reserved for small and medium MFIs?
Explanation: Banks must now allocate at least 15% of the total guarantee cover under CGSMFI 2.0 to small and medium-sized MFIs, replacing the previous segregated structure of 5% and 10%.
3. Which agency constructed the new Income Tax Department office complex 'Aayakar Sindhu' inaugurated in Mumbai?
Explanation: The 'Aayakar Sindhu' office complex in Nariman Point, Mumbai, was constructed by the Central Public Works Department (CPWD).
4. Which Non-Banking Financial Company (NBFC) has partnered with Flipkart as the principal lending partner for 'Flipkart Pay Later'?
Explanation: PayU Finance, the NBFC arm of PayU, serves as the primary licensed lender for the Flipkart Pay Later digital credit solution.
5. Which founding document led to the formal establishment of the Arctic Council in 1996?
Explanation: The Arctic Council was officially established in 1996 through the adoption of the Ottawa Declaration.
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More from BANKING & FINANCE
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- New Income Tax Office Complex 'Aayakar Sindhu' Dedicated to Nation in Mumbai
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