The government's latest Offer for Sale (OFS) in The government's latest Offer for Sale (OFS) in Life Insurance Corporation of India (LIC) marks its biggest stake sale in the insurer since the 2022 IPO. OFS is one method the government deploys to reduce its share in public sector firms, with other notable methods being disinvestment, strategic sale and privatisation. Offer for Sale (OFS): A route to disinvestmentAn Offer for Sale (OFS) is not a type of disinvestment but a mechanism used to carry it out. Strategic sale: Transfer of ownership and managementA strategic sale involves transferring a significant stake in a public sector enterprise to a strategic investor along with management control. While many privatisations are carried out through strategic sales, not every strategic sale amounts to complete privatisation.