Life Insurance Corporation of India (LIC) has reduced its stake in JSW Steel Ltd. through a series of market sales. Following the divestment of 4,70,66,319 shares between September 1, 2022, and April 24, 2026, LIC’s shareholding in the company has decreased from 7.012% to 5.007%. This move aligns with the insurer’s portfolio management activities involving the steel manufacturing firm.
Stake Divestment Details
Life Insurance Corporation of India (LIC) has disclosed a reduction in its equity interest in JSW Steel Ltd. The divestment was executed through market sales, which took place over a period spanning from September 1, 2022, to April 24, 2026.
Impact on Shareholding
Prior to this series of transactions, LIC held 16,94,94,917 shares of the company, representing a 7.012% stake. Following the sale of 4,70,66,319 shares, which accounts for 2.005% of the equity, the remaining holding stands at 12,24,28,598 shares. This adjustment brings the total stake held by LIC in JSW Steel to 5.007%.
Market Context
The transaction reflects ongoing capital allocation adjustments by institutional investors. All shares were offloaded via open market operations, consistent with standard disinvestment strategies for large institutional holdings in the steel sector. The total equity share capital of the target company remained constant at 244,54,53,966.00 throughout the period of these transactions.
Source: BSE
