Big news came from Anil Aggarwal's Vedanta, LIC booked profit; Sold more than 7 crore shares
New Delhi. Life Insurance Corporation of India has reduced its shareholding in Vedanta Limited (LIC reduces stake in Vedanta). The company disclosed this in a statement given in its BSE filing. According to the information given by the exchange, LIC reduced its stake by selling more than 7 crore shares.
It is mandatory for entities holding more than 5% stake in listed companies to file necessary information under SEBI rules. This government insurance company has reduced its stake through a market sale that lasted for almost nine years.
LIC sold 78505399 shares of Vedanta
Stake reduction by LIC is a major disinvestment from the mining and metals company. Transaction details show that the insurance company has systematically reduced its stake in Vedanta shares.
LIC has reduced its stake in Vedanta by 2.008 percent. The company has reduced its stake from 6.889% to 4.881% by selling 78505399 shares. Now he has 190872447 shares left.
LIC sold shares through long-term market transactions from April 26, 2017, to January 14, 2026, according to exchange filings. The insurance corporation filed the required regulatory disclosure under Regulation 29(2) of the SEBI (Large Acquisitions of Shares and Takeovers) Regulations, 2011 on January 16, 2026.
LIC gave this information to both the major stock exchanges - NSE and BSE, where Vedanta's shares are listed. This filing confirms that LIC is not the promoter or part of the promoter group of Vedanta Limited.
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