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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On the reaction day the stock moved 0.6 pts less than Nifty Smallcap 250 and 0.7 pts less than its Civil Construction 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), which is NOT part of the promoter/promoter group, has disclosed an acquisition of 30,24,672 equity shares (about 2.07% as per the disclosure) of NBCC through market purchases spread over the period April 25, 2018 to November 24, 2025. Before this acquisition, LIC held 11,78,66,918 shares (6.548%) based on the earlier share capital of 180 crore shares. After the acquisition, LIC holds 12,08,91,590 shares, which now represents 4.477% of NBCC's expanded share capital of 270 crore shares. The drop in percentage despite an increase in share count is due to NBCC issuing additional equity shares (likely a bonus or split) that diluted LIC's proportional holding. The filing is a routine SAST disclosure because LIC's holding crossed the 5% reporting threshold historically.
This is a routine regulatory disclosure and not a negative signal. LIC continues to remain an institutional investor in NBCC with a meaningful stake (~4.5%). No material impact on stock price is expected; the disclosure primarily satisfies SEBI's substantial acquisition reporting requirements.