Life Insurance Corporation of India (LIC) has officially disclosed its shareholding in Gillette India Ltd, reporting a stake of 5.026%. This disclosure, made in accordance with SEBI regulations, pertains to the substantial acquisition of shares and takeovers. The filing details LIC’s holdings, including both voting rights and potential share acquisition through convertible securities, as of August 24, 2026.
Shareholding Disclosure by LIC
Life Insurance Corporation of India (LIC) has submitted a significant disclosure regarding its shareholding in Gillette India Ltd. The filing, made in compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reveals that LIC now holds 5.026% of the total share capital of Gillette India Ltd.
Details of Acquisition and Holding
As per the Annexure 2 format for disclosures, the acquisition details indicate that prior to the reported transaction, LIC held shares amounting to 5.026% of the total share capital. Following the acquisition/sale, LIC’s holding is stated as 3.013%. The mode of acquisition/sale is identified as MARKET SALE. The relevant period for this transaction spans from August 18, 2020, to August 24, 2026.
Target Company Capital
The equity share capital and total voting capital of Gillette India Ltd before and after the said acquisition/sale remained consistent at ₹32,58,52,170.00. The filing confirms the adherence to regulatory requirements for disclosures concerning substantial share acquisitions.
Source: BSE
