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
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Life Insurance Corporation of India (LIC) has disclosed acquisition of 59,30,019 equity shares (2.001% of share capital) of LTIMindtree Limited through open market purchases between 19 November 2024 and 1 October 2025. This raised LIC's total holding in LTIMindtree from 7.029% (2,08,34,009 shares) to 9.030% (2,67,64,028 shares). LIC is not part of the promoter/promoter group. The shares were bought on both NSE and BSE. Equity share capital of the company remained constant at 29,64,16,766 shares.
A 2% incremental purchase by India's largest domestic institutional investor signals continued bullish conviction in LTIMindtree. With LIC's holding now just below the 10% mark, any further buying could trigger another disclosure and may act as a near-term overhang or support depending on sentiment.