President of India, acting through the Ministry of Finance , Government of India
Promoter
The move
The Promoter, President of India, acting through the Ministry of Finance, Government of India, sold 82,23,33,558 shares of Life Insurance Corporation Of India via an Offer for Sale. This reduced its stake from 96.50% to 90.00%.
India's largest life insurance provider, offering a comprehensive range of insurance products including participating policies, unit-linked insurance, term insurance, health insurance, and annuity and pension products. The company serves millions of policyholders across the country through an extensive distribution network of agents and offices. It operates as a dominant player in the domestic insurance market with deep market penetration.
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