LIC Postpones OFS to FY27, Awaiting IDBI Bank Disinvestment for Better Valuation

• LIC has postponed its Offer For Sale (OFS) and it is now expected in FY27, according to CNBC-TV18 exclusive information.
• The postponement is due to LIC's desire for robust market conditions and strong investor demand to achieve an attractive valuation.
• The government prioritizes completing IDBI Bank's disinvestment first, believing it will create a positive market environment.
• A successful IDBI Bank disinvestment is expected to improve market sentiment, benefiting LIC's OFS with better valuations.
• Investors interested in LIC's OFS will have to wait longer, but the delay aims to ensure the company gets a better price for its stake.

Why It Matters: LIC defers OFS to FY27, prioritizing IDBI Bank disinvestment to secure optimal market valuation.