Life Insurance Corporation of India (LIC) has increased its shareholding in Colgate-Palmolive (India) Limited through an open market purchase. As of May 12, 2026, LIC acquired an additional 50,000 shares, bringing its total ownership to 13,606,897 shares. This acquisition marks a significant milestone, pushing LIC’s total stake in the company to 5.003%, crossing the 5% threshold for substantial shareholding disclosures.
Strategic Investment Update
Life Insurance Corporation of India (LIC) has strengthened its investment portfolio in Colgate-Palmolive (India) Limited. Following an open market transaction on May 12, 2026, the insurer added 50,000 shares to its existing holding. This move underscores the long-term confidence of institutional investors in the company’s performance and market position.
Shareholding Details
Prior to this latest acquisition, LIC held 13,556,897 shares, representing a 4.984% stake in the organization. With the recent purchase of 50,000 shares, the total shareholding has risen to 13,606,897 shares. Consequently, LIC’s total voting rights in the company have now reached 5.003% of the total paid-up equity share capital, which stands at 271,985,634 shares.
Transaction Context
The transaction was executed via an open market purchase. This tactical increase in equity reflects shifting institutional patterns within the consumer goods sector, as major insurance players continue to consolidate positions in stable, large-cap companies. The update confirms that no warrants or other convertible instruments were involved in this specific acquisition, and the current holding represents the total equity interest of the institution in the target company.
Source: BSE
