Life Insurance Corporation of India (LIC) has divested a portion of its holdings in Castrol India Ltd. Through a series of market sales conducted between January 22, 2021, and April 30, 2026, LIC offloaded 19,791,812 shares, representing a 2.001% reduction in its equity stake. Following this transaction, LIC’s total holding in the company now stands at 9.051%.
Details of the Equity Divestment
Life Insurance Corporation of India (LIC) has executed a significant reduction in its shareholding of Castrol India Ltd. The transaction involved the sale of 19,791,812 shares, which accounts for 2.001% of the target company’s total voting capital. This strategic move was completed through market sales over a period spanning from January 22, 2021, to April 30, 2026.
Updated Shareholding Position
Prior to this divestment, LIC held a stake of 11.052% in Castrol India Ltd, equivalent to 109,321,029 shares. Following the completion of the sale, the insurance major’s holding has decreased to 9.051%, totaling 89,529,217 shares. The equity share capital of the target company remains unchanged at 4,94,56,11,920 throughout the period of these transactions.
Source: BSE
