In a significant move towards the divestment of LIC of India , the government has appointed three prominent financial institutions to manage the stake sale process. Goldman Sachs, BNP Paribas, and IIFL have been selected to oversee this crucial divestment initiative for India's largest insurance company.

Key Points

• Appointed Institutions: The government has chosen Goldman Sachs, BNP Paribas, and IIFL as the managers for LIC of India's stake sale process.
• Scope of Work: These financial powerhouses will be responsible for handling the divestment proceedings for LIC of India.
• Strategic Importance: The appointment of these well-known financial institutions underscores the government's commitment to ensuring a smooth and efficient stake sale process.
• Board Meeting Scheduled: LIC has announced a Board of Directors meeting on August 7 to consider and approve the unaudited financial results for the quarter ended June 30.
• Trading Window Closure: The trading window for insiders will remain closed until August 9, which is 48 hours after the board meeting. It was initially closed from July 1, in compliance with insider trading regulations.

Implications

The selection of these reputable financial institutions is likely to bring international expertise and market knowledge to the divestment process. Goldman Sachs and BNP Paribas, being global investment banking giants, can potentially attract a diverse pool of investors. Meanwhile, IIFL's strong presence in the Indian financial markets could provide valuable local insights.

This development marks a crucial step in the government's disinvestment plans for LIC of India, which has been a topic of significant interest in the Indian financial markets. The stake sale of LIC of India, often referred to as India's largest public offering, is expected to be a landmark event in the country's capital markets.

Investors and market watchers will be keenly observing how these appointed institutions navigate the complexities of valuing and marketing LIC of India's shares to potential investors, both domestic and international.

As the process unfolds, it will be important to monitor further announcements regarding the size of the stake to be divested, the timeline for the sale, and any regulatory approvals required to move forward with this significant financial event.

The upcoming board meeting on August 7 to approve the quarterly financial results adds another layer of significance to LIC's current activities. The closure of the trading window for insiders until August 9 ensures compliance with regulatory requirements and maintains the integrity of the financial reporting process.

LIC of India , the country's largest insurer, has increased its shareholding in State Bank of India (SBI), according to a regulatory filing on July 21, 2025. The move underscores LIC's continued confidence in India's largest public sector bank.

Stake Increase Details

LIC has raised its stake in SBI from 9.21% to 9.49% of the bank's paid-up capital. This increase translates to a jump in LIC's shareholding from 81,46,59,869 equity shares to 87,58,59,380 equity shares.

Regulatory Compliance

The insurance giant disclosed this information in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. LIC's Company Secretary and Compliance Officer, Anshul Kumar Singh, signed the regulatory filing.

Market Implications

This move by LIC, a significant institutional investor in the Indian market, could be seen as a vote of confidence in SBI's future prospects. The increased stake might also influence SBI's stock performance and investor sentiment in the coming days.

About LIC

LIC of India is the largest life insurer in India, with a significant presence in both urban and rural markets. As a major institutional investor, LIC's investment decisions are closely watched by market participants for insights into market trends and corporate performance.

The company's strategic investments, such as this increased stake in SBI, play a crucial role in its portfolio management and can have broader implications for the Indian financial sector.