India plans to raise up to $3.3 billion by selling a stake in its largest life insurer, Life Insurance Corp. (LIC). The government will offload up to 6.5% of the company at a 10% discount to the current market price. The share sale is aimed at shoring up public finances, which are under pressure from high oil prices. The move is part of the government's broader efforts to raise funds and meet its divestment targets. The stake sale is expected to attract investor interest, as LIC is a major player in India's insurance market. The government has not yet announced a timeline for the sale, but it is likely to take place in the coming months. The discount is intended to make the offering attractive to both domestic and international investors. Proceeds from the sale will help the government manage its fiscal deficit and support spending on infrastructure and social programs. The sale is one of the largest stake disposals in India in recent years, and its success could set a precedent for future divestments in state-owned companies.