GENERAL16 Sept 2026
ICICI Pru MF, SBI MF corner 54% of LIC's ₹31,552 crore OFS in August
In August, ICICI Prudential Mutual Fund and SBI Mutual Fund bought LIC shares worth ₹17,145 crore. The two together picked up 54 per cent of the government's ₹31,552 crore offer for sale (OFS) in LIC. Mutual funds as a whole bought about 76.5 per cent. For you as an investor, this means large domestic funds are the main buyers of government stake sales.
Key Statutory Highlights
- ICICI Prudential Mutual Fund and SBI Mutual Fund bought LIC shares worth ₹17,145 crore in August.
- The two fund houses together cornered 54 per cent of LIC's ₹31,552 crore offer for sale.
- Mutual funds as a whole accounted for an estimated 76.5 per cent of the government's offer for sale.
Actionable Advice for Taxpayers / Founders:If you hold LIC shares, review how they fit your overall portfolio before reacting to this news, and consult a registered investment adviser for guidance suited to your own situation.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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