The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Life Insurance Corporation of India
ACC · price
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Life Insurance Corporation of India (LIC), a non-promoter institutional investor, has disclosed an acquisition of 37,83,999 shares (2.016%) in ACC Ltd through market purchases between 4 November 2019 and 20 May 2025. With this acquisition, LIC's total holding in ACC has risen from 1,23,31,036 shares (6.566%) to 1,61,15,035 shares (8.582%). The disclosure was filed under SEBI's Takeover Regulations for shareholders crossing key thresholds. LIC is not part of the promoter group of ACC Ltd.
Positive signal for ACC Ltd as a major institutional investor (LIC) has been steadily accumulating shares, indicating confidence in the company's prospects. The holding is still below the 10% mark, leaving room for further accumulation before the next regulatory threshold is triggered.