Life Insurance Corporation of India (LIC) has disclosed a substantial acquisition of shares in Grasim Industries. The disclosure, dated September 10, 2025, reveals that LIC now holds more than 5% of the company’s shares. LIC now holds 51,035,206 shares, representing 7.499% of total equity. The acquisitions were made through market purchases.
LIC Increases Stake in Grasim
Life Insurance Corporation of India (LIC) has reported a significant acquisition of shares in Grasim Industries Limited.
Details of Shareholding
Prior to this acquisition, LIC held 64,702,813 shares, amounting to 9.507% of Grasim’s total share/voting capital. Following the acquisition, LIC now holds 51,035,206 shares, representing 7.499% of total share/voting capital.
Transaction Details
The acquisition involved the purchase of 13,667,607 shares, representing 2.008% of the total share/voting capital. These shares were acquired through open market purchases.
Capital Structure
The equity share capital/total voting capital of Grasim Industries before and after the acquisition remains constant at 136,11,61,152.00.
Source: BSE
