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
TATAELXSI · price
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Life Insurance Corporation of India (LIC) disclosed an acquisition of 52,000 shares (0.083%) of Tata Elxsi on 4 September 2025 through market purchase. Before this purchase, LIC held 31,12,654 shares equating to 4.997% of the company, just shy of the 5% disclosure threshold. After the acquisition, LIC's holding rose to 31,64,654 shares or 5.080%, taking it above the 5% mark and triggering this Reg 29(1) disclosure. LIC is not part of the promoter group and has been gradually increasing its stake through small open-market purchases. The total equity share capital of Tata Elxsi stands at 62,29,25,670 shares.
This is a routine institutional disclosure and does not materially change Tata Elxsi's ownership structure. However, it signals continued institutional confidence as LIC, a long-term domestic investor, has now formally crossed the 5% threshold in the company.