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
HINDCOPPER · price
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Awaiting price reaction for this filing.
Life Insurance Corporation of India (LIC) has disclosed a market sale of approximately 1.95 crore shares (2.014%) of Hindustan Copper Ltd under SEBI's SAST Regulations. The sale period spans from 16 August 2024 to 23 December 2025. As a result of this transaction, LIC's holding in Hindustan Copper has declined from 6.086% (5.88 crore shares) to 4.072% (3.94 crore shares), taking it below the 5% substantial shareholder threshold. LIC has confirmed it is not part of the promoter/promoter group of Hindustan Copper. The equity share capital of the company remains unchanged at approximately ₹48.35 crore shares.
This is a notable negative signal for Hindustan Copper as a major institutional investor (LIC) has trimmed its stake below the 5% disclosure threshold, which may create short-term selling pressure on the stock. However, with LIC still holding 4.072%, the long-term conviction remains.