Disclosure under SEBI PIT Regulations Reg. 7(2)(b)
Transaction Details
- Promoter: President of India, acting through Ministry of Finance, Government of India
- Transaction Type: Sale of equity shares via Offer for Sale mechanism
- Base Offer Size: 31,62,49,958 Equity Shares (2.50% of total paid-up equity share capital)
- Oversubscription Option: Additional 50,59,99,816 Equity Shares (4.00% of total paid-up equity share capital)
- Employee Offer: Up to 50,00,000 Equity Shares reserved for eligible employees
- Trading Dates: August 4, 2026 (T day for non-Retail Investors) and August 5, 2026 (T+1 day for Retail Investors and non-Retail carry forward bids)
- Stock Exchanges: BSE Limited and National Stock Exchange of India Limited
- Gross Consideration: Approximately ₹31,552.34 crore
Regulatory Framework
The OFS was conducted under:
- SEBI Master Circular reference number SEBI/HO/MRD2/PoD-2/CIR/P/2024/00181 dated December 30, 2024
- BSE OFS Circular notice no. 20240701-19 dated July 1, 2024
- NSE OFS Circular no. 25/2026 dated February 24, 2026
Shareholding Change
- Pre-transaction holding: 12,20,72,45,562 Equity Shares (97.5% of share capital)
- Shares sold: 82,23,33,558 Equity Shares (exact final sale quantity from base size and oversuboption)
- Post-transaction holding: 11,38,49,12,004 Equity Shares (90.0% of share capital)
Execution Details
- Mode of disposal: Offer for Sale - on market
- Exchanges where executed: NSE & BSE
- Date of allotment/advice: August 4, 2026 and August 5, 2026
- Date of intimation to company: August 7, 2026
Additional Information
- The disclosure was made in prescribed Form C under Regulation 7(2)(a) of PIT Regulations
- No derivatives trading involved in this transaction
- Copy of intimation available on Corporation's website at www.licindia.in