Life Insurance Corporation of India (LIC) has increased its shareholding in Power Grid Corporation of India Ltd. to 5.01%. This disclosure, made on August 18, 2026, details an acquisition of 1,909,000 shares through open market purchases. The change reflects a slight increase in LIC’s investment in the company, surpassing the 5% threshold as per SEBI regulations.
LIC Boosts Stake in Power Grid
Life Insurance Corporation of India (LIC) has officially disclosed an increase in its shareholding in Power Grid Corporation of India Ltd., reaching a total of 5.010%. This updated holding position was reported following a series of acquisitions that took place on August 17, 2026.
Transaction Details
The disclosure, made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, details that LIC acquired an additional 1,909,000 equity shares. These shares were acquired through open market purchases. Prior to this acquisition, LIC held 464,044,180 shares, representing 4.989% of the total share capital. Post-acquisition, the total holding stands at 465,953,180 shares.
Regulatory Compliance
The total voting capital of Power Grid Corporation of India Ltd. before and after the acquisition remained consistent at 93,006,038,190.00. LIC’s increased stake of 5.010% signifies a material change in its investment portfolio within the public sector undertaking, adhering to all necessary disclosure requirements.
Source: BSE
