🚨 LIC Crashes Over 9% as Government Launches ₹382/Share OFS 🚨

Insurance stocks witnessed significant selling pressure on 4 August 2026 after the Government announced an Offer for Sale (OFS) of up to 6.5% stake in LIC at a floor price of ₹382 per share. The OFS opened for non-retail investors today and will be available for retail investors on August 5. Following the announcement, LIC shares tumbled as much as 9.26% intraday, reflecting concerns over the large stake sale and near-term supply of shares in the market. The weakness spilled over to the broader insurance space, with

falling nearly 4% intraday and slipping below its 52-week low by 2:15 PM, highlighting the cautious sentiment across the sector. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.