Shareholding8 Sept 2026, 05:40 pm
LIC Increases REC Ltd Stake to 5.03%
AI Summary
Life Insurance Corporation of India (LIC) has disclosed an increase in its shareholding in REC Ltd. The acquisition, made through market purchases, has raised LIC's stake from 4.993% to 5.031%. This disclosure is made under SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. The total number of shares held by LIC in REC Ltd now stands at 13,24,80,799, acquired through open market transactions.
Key Highlights
- LIC acquired 9,93,000 shares in REC Ltd.
- LIC's stake in REC Ltd increased to 5.031%.
- Acquisition was made via market purchases.
- Disclosure filed under SEBI Takeover Regulations.
Price Impact
More from RECLTD