The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Life Insurance Corporation of India
COLPAL · price
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Life Insurance Corporation of India (LIC) has disclosed an open market purchase of 50,000 shares of Colgate Palmolive India Ltd on May 12, 2026. Prior to this acquisition, LIC held 13,556,897 shares representing 4.984% of the total voting capital. After the purchase, LIC's holding increased to 13,606,897 shares representing 5.003% of the total voting capital. The transaction was conducted in the open market and LIC is explicitly stated to be outside the promoter/promoter group. This disclosure is filed under Regulation 29(1) of SEBI SAST Regulations 2011 for persons holding more than 5% shares.
LIC has crossed the key 5% regulatory threshold which triggers mandatory disclosure requirements. This is a notable institutional buying signal showing LIC's increased stake in the consumer goods company, though the quantum of additional purchase is relatively small.