India is considering selling shares in state-run Life Insurance Corporation (LIC) to help meet capital-market rules and raise public finances, according to reports. Bloomberg says the government is looking to sell at least a 2.5% stake in LIC, which would generate at least $1.3 billion, as part of a plan to meet India’s minimum public float requirements. The Financial Post reports that the government could sell enough shares to raise up to $3.3 billion, indicating the offering size may be larger than the minimum needed for compliance. Both accounts describe the sale as an equity capital markets transaction by the government, with the proceeds intended to support broader fiscal needs. The Financial Post links the fundraising effort to strains on public finances, including the impact of higher oil prices. The reports do not specify final pricing or timing details, but they frame the sale as a government attempt to satisfy public shareholding rules while also generating additional funds.