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Govt to sell up to 6.5% in LIC at ₹382/share; to add ₹31k crore to disinvestment kitty
If fully subscribed, the sale of over 82.22 crore shares or a 6.5% stake at the given floor price will fetch about ₹31,000 crore to the disinvestment kitty
Steady / neutral59%
PositivePossible support for stability, investment or market confidence
RiskInflation, volatility, borrowing costs or weaker growth
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