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
NAVINFLUOR · price
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Awaiting price reaction for this filing.
Life Insurance Corporation of India (LIC), which is not part of the promoter group, has disclosed a market sale of 10,26,272 shares (2.003% of the equity capital) of Navin Fluorine International Ltd under SEBI Takeover Regulations. Before the sale, LIC held 45,34,752 shares (8.850%); after the sale, its holding stands at 35,08,480 shares (6.847%). The transaction period spans from 28 March 2024 to 28 November 2025, indicating a gradual trimming of position through open market sales. LIC remains a significant institutional shareholder with over 5% stake, so continued disclosures under the Takeover Code will apply if it crosses further thresholds.
A 2% stake sale by a major institutional investor like LIC through open market is mildly negative sentiment for the stock, as it signals reduced institutional confidence, though LIC remains a substantial holder above 5%.