The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Life Insurance Corporation of India
NESTLEIND · 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 purchase of 1,49,000 equity shares (0.015%) of Nestle India on 23 May 2025. This took LIC's total holding from 4,80,75,710 shares (4.986%) to 4,82,24,710 shares (5.001%) of the company's equity share capital. The disclosure was filed under Regulation 29(1) of SEBI's Takeover Regulations, triggered because LIC has crossed the 5% shareholding threshold in Nestle India. The acquisition was made through open market purchase on the stock exchanges (NSE/BSE).
LIC crossing the 5% mark signals institutional confidence in Nestle India, though the incremental purchase is small. The crossing of a regulatory disclosure threshold may attract mild attention from the market but is unlikely to materially affect share price given the marginal size of the buy.