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

Ownership Changes View source PDF Explain this filing

SAIL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹185.37

prior close

₹184.98

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-1.0%+0.7% vs market

Iron & Steel peers, median of 10sector-1.2%+0.9% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Midcap 150 and 0.9 pts more than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.0

10m

-2.3

15m

-2.0

30m

-1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.2-1.0+0.7-1.2+0.9

Next day

+0.8-0.3+1.1+0.0+0.8

+1.3-0.1+1.4-0.3+1.5

+0.5+1.5-1.1+0.5+0.0

+1.1+2.7-1.6+1.7-0.6

-0.3+2.5-2.8+2.0-2.3

-5.4-1.1-4.3-1.4-4.0

15d

+8.3+1.3+7.0-0.4+8.7

+10.5+0.2+10.2+1.0+9.5

-6.2+2.5-8.8-4.9-1.3

-8.8+3.7-12.5-3.4-5.5

UpDownMarket · Nifty Midcap 150Sector · Iron & Steel peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Life Insurance Corporation of India (LIC) has disclosed a sale of 85,142,438 shares (2.061%) in Steel Authority of India Ltd through a market sale. The transaction period spans from June 8, 2023 to April 28, 2026. Before the sale, LIC held 358,807,919 shares representing 8.687% of SAIL's total voting capital. After the sale, their holding reduced to 273,665,481 shares representing 6.626%. LIC clarified that it does not belong to the promoter/promoter group of SAIL. The filing was submitted under SEBI Regulation 29(2) of the SAST Regulations, 2011, which requires disclosure by any person holding more than 5% shares in a listed company.

Likely market impact

LIC's reduction of its SAIL stake by over 2 percentage points indicates a partial exit. While remaining a significant shareholder above 5%, the sale may signal reduced institutional confidence or portfolio rebalancing, which could exert mild negative pressure on SAIL's stock price near-term.