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), a non-promoter institutional shareholder in Vedanta Ltd, has filed a disclosure under SEBI SAST Regulation 29(2) reporting a market sale of 7.85 crore equity shares, representing 2.008% of the company's share capital. LIC's holding has declined from 6.889% (26.93 crore shares) to 4.881% (19.08 crore shares), crossing below the 5% substantial shareholder threshold. The sale was executed via open market between 26 April 2017 and 14 January 2026, and the equity share capital of Vedanta remained unchanged at 391.04 crore shares. LIC explicitly clarified it is not part of the promoter/promoter group of Vedanta Ltd.
A reduction in LIC's stake by over 2 percentage points and a drop below the 5% disclosure threshold is mildly negative for sentiment, as it signals a major domestic institutional investor trimming exposure. However, the sale appears gradual (spread across nearly 9 years), suggesting orderly unwinding rather than a sudden exit, which may limit downside pressure on the stock.