Shareholding2 Sept 2026, 03:07 pm
LIC Sells 2% Stake in SAIL, Holding Drops to 4.625%
AI Summary
Life Insurance Corporation of India (LIC) has disclosed a sale of 62,632,513 equity shares, representing 2.001% of the total share capital, in Steel Authority of India Limited (SAIL). This transaction, executed via market sale between April 28, 2026, and September 1, 2026, reduces LIC's total shareholding in SAIL from 6.625% to 4.625%. The total equity share capital of SAIL remains at ₹4,130.52 crore post-sale.
Key Highlights
- LIC sold 2.001% stake in SAIL.
- Post-sale, LIC's holding in SAIL is 4.625%.
- The transaction involved market sale of shares.
- Sale occurred between April 28, 2026, and September 1, 2026.
- SAIL's equity capital remains unchanged at ₹4,130.52 crore.
Price Impact
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