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
ICICIBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts less than Nifty 100 and 0.9 pts less than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Life Insurance Corporation of India (LIC), a non-promoter institutional shareholder, has disclosed a market sale of 12,70,26,722 shares (2.006% stake) of ICICI Bank under SEBI Takeover Regulations. The transaction period spans from December 24, 2020 to January 13, 2026. Post this sale, LIC's holding in ICICI Bank has fallen from 46,51,22,700 shares (6.737%) to 33,80,95,978 shares (4.731%), taking it below the 5% disclosure threshold. The sale was executed through open market transactions. LIC has confirmed it does not belong to the promoter/promoter group of ICICI Bank. The equity share capital of ICICI Bank stood at approximately 14,28,74,11,722 shares before and after the transaction.
A large long-term institutional holder (LIC) has reduced its stake below the 5% disclosure threshold, which is a significant portfolio rebalancing signal. This could weigh on short-term stock sentiment given the scale of the divestment, though LIC remains a meaningful shareholder. Retail investors should note the reduction as it may reflect shifting institutional conviction.