The government is considering increasing the stake for initial public offering of state-run Life Insurance Corp. of India (LIC)
It may sell from 5% to 6.5% and may increase as much as 7.5%
The government will have to file revised share sale documents if it wants to sell more than 7.5%
Discussions on increasing the IPO size begun after evaluating the Russia-Ukraine war and its impact on the stock markets
The success of LIC’s IPO is crucial for the government to meet its asset sales goal
The asset sales goal has been kept at a conservative ₹65,000 crore for the current fiscal
The IPO will be the largest in India, with millions of retail investors expected to invest
