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
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Life Insurance Corporation of India (LIC) has disclosed an acquisition of 1,99,08,118 equity shares (2.012%) of Tata Consumer Products Ltd through market purchases between 11 July 2023 and 23 October 2025. LIC's stake in the company has risen from 6.633% (6,56,36,408 shares) to 8.645% (8,55,44,526 shares). LIC is not part of the promoter/promoter group of the company. The filing was made under Regulation 29(2) of SEBI's SAST Regulations, 2011, which applies to persons holding more than 5% in a listed company.
This is a notable institutional buying signal as LIC has steadily increased its stake and is now close to the 10% open offer trigger threshold for non-promoter acquirers under SAST rules. Any further purchase pushing LIC past 10% would require it to make an open offer to shareholders, which could affect stock sentiment.