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
GRASIM · price
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Awaiting price reaction for this filing.
Life Insurance Corporation of India (LIC) has filed a Regulation 29(2) disclosure with BSE/NSE reporting a reduction in its shareholding in Grasim Industries through market sale. LIC's stake decreased from 9.507% (6,47,02,813 shares) to 7.499% (5,10,35,206 shares), a sale of 1,36,67,607 shares (2.008%). The disclosure date is 10.09.2025, with transactions noted between 23.11.2021 and 10.09.2025. LIC is not part of the promoter/promoter group. Total equity capital of Grasim stood at 136,11,61,152 shares.
A ~2% stake sale by a major institutional investor like LIC signals trimming of exposure in the stock. With LIC now holding below 7.5%, any further small reductions could trigger additional disclosure filings. This may create mild short-term selling pressure perception among retail investors, though the actual market impact depends on how the shares were offloaded.