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
BPCL · price
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Life Insurance Corporation of India (LIC), which is not part of the promoter group, has disclosed a reduction in its shareholding in Bharat Petroleum Corporation Ltd (BPCL). LIC sold 8,67,72,543 equity shares (2.001% of BPCL's share capital) through market sales between 21 June 2024 and 18 November 2025. As a result, LIC's holding in BPCL declined from 37.99 crore shares (8.758%) to 29.32 crore shares (6.757%). The total equity share capital of BPCL remains unchanged at ₹4,338.50 crore.
This is a notable trimming of position by a major institutional investor (LIC), which may create short-term selling pressure on the stock. However, the share capital is unchanged and LIC remains a significant shareholder above the 5% disclosure threshold, so the long-term impact depends on whether other institutional buyers step in.