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
NAM-INDIA · price
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Life Insurance Corporation of India (LIC), which is not part of the promoter group, has disclosed under SEBI SAST Regulations a market sale of 1,20,90,202 equity shares (2.025%) in Nippon Life India Asset Management Ltd. This brings LIC's holding down from 31,111,008 shares (5.013%) to 19,020,806 shares (2.988%). The transaction period covers 30 September 2021 to 9 October 2025, suggesting gradual selling over multiple years rather than a single block deal. LIC now holds below the 5% disclosure threshold in this asset management company.
A major domestic institutional investor exiting below the 5% mark signals reduced institutional conviction, which could weigh on short-term sentiment, though LIC was never a promoter so there is no change to controlling interest or governance.