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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.5 pts more than Nifty Midcap 150 and 1.0 pts less than its Asset Management Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
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.