Shareholding29 Apr 2026, 05:31 pm
LIC Sells 2.061% Stake in SAIL, Holding Now 6.626%
AI Summary
Life Insurance Corporation of India (LIC) has disclosed a market sale of 85,142,438 equity shares in Steel Authority of India Ltd (SAIL). This transaction, which occurred between June 8, 2023, and April 28, 2026, reduced LIC's shareholding in SAIL by 2.061%. Consequently, LIC's total stake in SAIL decreased from 8.687% (358,807,919 shares) to 6.626% (273,665,481 shares). The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- LIC sold 2.061% of its stake in Steel Authority of India Ltd.
- The sale involved 85,142,438 equity shares via market sale.
- LIC's total holding in SAIL decreased to 6.626% post-sale.
- The transaction took place between June 2023 and April 2026.
- Disclosure made under SEBI (SAST) Regulations, 2011.
Price Impact
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