LIC OFS soon? Stock tumbles 4% amid reports that govt may sell around 2% stake

However, the details of the deal, including the timing and size, could still change, as deliberations are ongoing, the report added.

In May 2022, the government had sold a 3.5% stake in LIC and had raised about ₹21,000 crore.

Bonus issue record date

In a regulatory filing on April 13, LIC’s board of directors had approved its first-ever bonus share issue in the proportion of 1:1.

Furthermore, they had fixed Friday, May 29, as the record date for ascertaining the eligibility of members of the corporation for the 1:1 bonus equity shares issue.

This means shareholders holding one existing fully paid-up equity share of ₹10 each as on Friday will receive one new fully paid-up equity share of ₹10 each. Additionally, the bonus issue will be allotted to eligible stakeholders on Monday, June 1, 2026.

Final dividend record date

LIC’s board of directors had recommended a final dividend of ₹10 per equity share of ₹10 each (equivalent to ₹20 per equity share pre-bonus issue basis) for FY26, subject to approval of shareholders in the ensuing Annual General Meeting (AGM).

It had also set Thursday, June 25, 2026, as the Record Date for the purpose of ascertaining the eligibility of Members of the Corporation for the proposed final dividend.

LIC hikes stake in Central Bank of India

LIC hiked its stake in Central Bank of India to 6.06%, from 3.16% earlier. In a disclosure to stock exchanges, the Central Bank of India said LIC has bought 26.26 crore shares or 2.901% in the public sector lender via market purchase on May 22.

Post the stake acquisition, LIC's holding in Central Bank of India has increased to 6.06%.

LIC stock performance

At around 1:59 PM, the stock was trading 3.36% lower at ₹826.15 per equity share on the NSE.

The scrip has advanced 3% in the past week and nearly 1% over the month. On a year-to-date basis, it has fallen 3%.

While the share hit a 52-week high of ₹980 per unit on June 30, 2025, it touched a year’s low of ₹721.50 apiece on April 2, 2026.

LIC has a total market capitalisation of ₹5.23 lakh crore as of May 27, 2026, according to data on the NSE.