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
TATASTEEL · price
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Life Insurance Corporation of India (LIC) has filed a disclosure under SEBI's Takeover Regulations regarding its holding in Tata Steel Ltd. LIC's stake rose from 5.838% (72.88 crore shares) to 7.851% (98.01 crore shares) after acquiring 25.13 crore additional shares (2.013% of voting capital) through market purchases between 28 July 2022 and 30 April 2025. LIC is not part of the promoter group, and the equity share capital of Tata Steel remained unchanged at ₹1,248.35 crore during this period. This disclosure was triggered because LIC crossed the 5% substantial shareholder threshold.
A major domestic institutional investor increasing its stake by over 2% is generally seen as a confidence signal in the company's prospects. LIC holding nearly 7.85% makes it one of the largest shareholders, which may provide some stability to the stock. However, since LIC is not a promoter, this does not indicate any change in controlling interest.