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
NBCC · price
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Life Insurance Corporation of India (LIC) has filed a disclosure under SEBI's SAST Regulation 29(2), reporting an open-market purchase of 30,24,672 NBCC shares over the period 25 April 2018 to 24 November 2025. Before this acquisition, LIC held 11.78 crore shares (6.548%); after, its holding rose nominally to 12.09 crore shares, but its percentage stake fell sharply to 4.477%. This is because NBCC's equity share capital was expanded from 180 crore to 270 crore shares (likely a bonus issue or similar corporate action), which diluted LIC's proportional ownership despite the additional share purchase. As a result, LIC's holding has now dropped below the 5% substantial-shareholder threshold. LIC has clarified it does NOT belong to NBCC's promoter or promoter group.
This is primarily a routine regulatory disclosure reflecting dilution rather than a strategic sell-off by LIC. For retail investors, the key takeaway is that a major institutional holder has technically slipped below the 5% disclosure threshold, but LIC continues to be a large shareholder and this was driven by NBCC expanding its share capital, not LIC exiting. The disclosure is unlikely to cause any significant negative stock price reaction on its own.