Life Insurance Corporation of India (LIC) has disclosed an increase in its shareholding and voting rights in Bharat Heavy Electricals Ltd. (BHEL). The stake now stands at 5.607% of the total equity share capital and voting capital after the acquisition. This move reflects LIC’s strategic investment approach in key public sector undertakings. The acquisition was conducted through market sales over a period spanning from May 9, 2024, to August 14, 2026.
LIC Boosts Holding in BHEL
Life Insurance Corporation of India (LIC), acting as an acquirer, has officially increased its stake in Bharat Heavy Electricals Ltd. (BHEL). The disclosure, made under SEBI’s Substantial Acquisition of Shares and Takeovers Regulations, 2011, reveals that LIC’s holding has reached 5.607% of the total equity share capital and total voting capital of BHEL after the recent acquisition activity.
Acquisition Details
The acquisition of shares was carried out through market sales. The period during which these transactions occurred ranges from May 9, 2024, to August 14, 2026. Prior to this acquisition, LIC held approximately 7.614% of BHEL’s share capital. Following the transactions, LIC’s holding stands at 195,243,614.00 shares, representing 5.607%.
Share Capital Information
The total equity share capital and total voting capital of BHEL before the acquisition/sale was reported as ₹6,96,41,26,710.00. This figure remained consistent after the said acquisition/sale, indicating that the changes in shareholding were within the overall capital structure of the company.
Source: BSE
