A Stake Sale That Smells Like More of the Same The Indian government is selling up to 6.
5% of its stake in Life Insurance Corporation (LIC) at a 10% discount, a move that some hail as necessary for meeting regulatory requirements but others see as part of a broader pattern of disinvestment.
The government wants to reduce its holding in LIC from 96. 5% to 75% by 2032, but critics argue this is more about shoring up the country's finances than reforming the insurance sector.