Life Insurance Corporation of India (LIC) has disclosed its substantial shareholding in Housing & Urban Development Corporation Limited (HUDCO). Following recent acquisitions, LIC now holds 8.903% of the total share capital of HUDCO. This disclosure, made in accordance with SEBI regulations, outlines the acquisition of 40,527,984 shares, bringing the total holding to 137,709,015 shares. The acquisition was conducted through market sales.
LIC Discloses HUDCO Shareholding
Life Insurance Corporation of India (LIC) has officially announced its updated shareholding in Housing & Urban Development Corporation Limited (HUDCO). As per the disclosures submitted under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, LIC’s stake in HUDCO now stands at 8.903% of the total share capital. This update follows a series of transactions that have increased LIC’s holding in the target company.
Acquisition Details
The disclosure indicates that LIC acquired an additional 40,527,984 shares, contributing to its overall ownership. Prior to this acquisition/disposal, LIC held 178,236,999 shares, representing 8.903% of HUDCO’s total capital. Following the recent transactions, the total number of shares held by LIC in HUDCO is 137,709,015, which accounts for 6.879% of the total share capital after the acquisition/sale. The mode of acquisition was primarily through market sale, with transactions occurring between October 19, 2023, and November 11, 2026.
Corporate Information
The filing was made by LIC from its Central Office in Mumbai. The disclosures are in compliance with the requirements for entities holding more than 5% shares in a listed company. The total equity share capital of HUDCO before and after the said acquisition/sale remains consistent at ₹20,01,90,00,000.00.
Source: BSE
