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
DALBHARAT · price
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Awaiting price reaction for this filing.
Life Insurance Corporation of India (LIC), a major institutional investor in Dalmia Bharat Ltd, has filed a SAST Regulation 29(2) disclosure reporting a market sale of 37,87,820 shares (2.02% of equity capital). The sale was carried out between 14 May 2025 and 9 October 2025. As a result, LIC's holding in Dalmia Bharat has come down from 94,53,637 shares (5.04%) to 56,65,817 shares (3.02%), pushing it below the 5% substantial shareholder threshold. LIC has confirmed it does not belong to the promoter or promoter group. The equity capital of the company remained unchanged at 37,51,30,322 shares during this period.
A major institutional investor has trimmed its stake meaningfully and slipped below the 5% mark, which could weigh on short-term sentiment. However, since the sale happened gradually over nearly five months, the market has likely already absorbed the supply.