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

Fii Holding DeclinedOwnership Changes View source PDF

CASTROLIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+0.2%1-day move

₹186.00

prior close

₹184.58

base price

In-mkt

timing

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-0.2-0.2-0.2-0.1+0.2-0.2-0.3-1.7-2.3-2.4-0.7-1.2-0.9—

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AI summary

Life Insurance Corporation of India (LIC) has disclosed a sale of 19,791,812 shares (2.001%) in Castrol India Ltd through open market transactions between 22 January 2021 and 30 April 2026. Before the sale, LIC held 109,321,029 shares representing 11.052% of the company's voting capital. After the sale, LIC's holding reduced to 89,529,217 shares (9.051%). LIC confirmed it does not belong to the promoter/promoter group. This is a routine SAST disclosure for a shareholder holding more than 5% reducing their position.

Likely market impact

LIC crossing below the 10% threshold indicates a significant reduction in institutional backing for Castrol India. While not a promoter, LIC's reduced stake from above 11% to below 9% may signal reduced confidence or portfolio rebalancing, which could modestly impact investor sentiment.