Life Insurance Corporation of India has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
UTIAMC · price
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Life Insurance Corporation of India (LIC), a promoter/in person acting in concert with the promoter of UTI AMC, has filed a disclosure with the exchange under Regulation 31(4) of the SEBI Takeover Regulations. This regulation requires promoters to disclose any acquisition or disposal of shares during the financial year. The specific details of any changes — whether LIC bought, sold, or made no changes to its stake — are not mentioned in the headline itself and would be available in the full disclosure document.
This is a routine regulatory filing. Without details on whether LIC changed its holding, the stock price impact is likely neutral. Investors should check the full disclosure to know if there was any meaningful change in promoter shareholding.