Shareholding18 Aug 2026, 03:40 pm
LIC Increases Power Grid Stake to 5.01%
AI Summary
Life Insurance Corporation of India (LIC) has disclosed a substantial acquisition of shares in Power Grid Corporation of India Ltd. The disclosure, made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, reveals that LIC's holding has increased to 5.010% of the total equity share capital. This acquisition was made through open market purchases on August 17, 2026. The total number of shares held by LIC post-acquisition is 465,953,180, representing a voting share of 5.010%. The total equity share capital of Power Grid Corporation of India Ltd before and after the acquisition remains at ₹93,006,038,190.00.
Key Highlights
- LIC's stake in Power Grid Corporation of India now stands at 5.010%.
- The acquisition was executed via open market purchases.
- The transaction occurred on August 17, 2026.
- LIC's shareholding crossed the 5% threshold, triggering disclosure requirements.
- Total shares held by LIC amount to 465,953,180.
Price Impact
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