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
JSWSTEEL · price
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Life Insurance Corporation of India (LIC) has disclosed a market sale of 4,70,66,319 shares of JSW Steel Ltd, representing 2.005% of the company's total voting capital. The sale was executed on April 24, 2026. Before the transaction, LIC held 16,94,94,917 shares (7.012%). After the sale, LIC's holding reduced to 12,24,28,598 shares (5.007%). LIC confirmed it is NOT a promoter or part of the promoter group of JSW Steel. This disclosure is under SEBI SAST Regulation 29(2) for persons holding more than 5% shares.
LIC's 2% stake reduction signals a significant exit by one of India's largest institutional investors. The stake falling to just above 5% may increase attention on further selling. This could be a mild negative signal for the stock in the short term.