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
COALINDIA · price
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Life Insurance Corporation of India (LIC) has disclosed to the exchanges that it acquired 12,61,62,334 shares (2.047%) of Coal India Ltd through market purchases between 31 October 2017 and 10 December 2025. As a result, LIC's total holding in Coal India has risen from 9.450% (58,23,50,221 shares) to 11.497% (70,85,12,555 shares). LIC has clarified it does not belong to the promoter or promoter group of Coal India. This filing is required under SEBI's takeover regulations because LIC has now crossed the 10% substantial shareholder threshold for a non-promoter entity.
With LIC now holding over 11.5% of Coal India, it becomes one of the largest institutional shareholders outside the promoter group. Crossing the 10% threshold triggers enhanced disclosure obligations and signals continued institutional confidence in the stock, though it does not change the promoter holding or control of the company.