Shareholding25 Aug 2026, 05:52 pm
LIC Discloses 2.01% Stake Sale in Gillette India
AI Summary
Life Insurance Corporation of India (LIC) has filed a disclosure under SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011, detailing a sale of 655,952 shares in Gillette India Ltd. This transaction represents a 2.013% stake reduction. Following the sale, LIC's holding in Gillette India has decreased to 981,721 shares, accounting for 3.013% of the total diluted share capital. The sale occurred between August 18, 2020, and August 24, 2026, via market sale. The total equity share capital of Gillette India remains at ₹32,58,52,170.00.
Key Highlights
- LIC sold 2.013% stake in Gillette India.
- LIC's shareholding reduced to 3.013%.
- Transaction occurred via market sale.
- Disclosure filed under SEBI Takeover Regulations.
- Gillette India's equity capital remains unchanged.
Price Impact
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