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Life Insurance Corporation of India (LIC) has picked up more than half of the NBCC shares sold by the government in the Rs 2,218-crore disinvestment. LIC’s stake in the state-run construction firm has gone up to 8.11 per cent following its participation in NBCC offer for sale which took place last week.

The insurer bought as many as 4.86 crore shares or 54.08 per cent of the nine crore shares on offer on the day of offer for sale (OFS). At the OFS floor price of Rs 246.50, LIC would have invested around Rs. 1,200 crore for picking up over 4.86 crore NBCC shares.

The government had offered 9 crore shares for sale through the OFS whose floor or minimum bid price was set at Rs 246.50 apiece. It had raised Rs 2,218 crore by selling 15 per cent stake to both institutional and retail investors.

NBCC (India) Share Price

94.50 0.20 (0.21%)
20-Apr-2026 10:49 View Price Chart
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