India’s government is preparing to sell up to a 6.5% stake in Life Insurance Corporation of India (LIC) through a public share sale at a stated floor price of ₹382 per share, according to reports. The proposed transaction involves the sale of more than 82.22 crore shares, which would represent the full 6.5% stake if the offer is fully subscribed. If all shares are sold at the floor price, the government expects proceeds of about ₹31,000 crore to be credited to the disinvestment kitty. The coverage across outlets describes the same key figures: the stake size (6.5%), the number of shares (over 82.22 crore), the floor price (₹382), and the expected fundraising amount (approximately ₹30,000–₹31,000 crore).