LIC reduces stake in Nippon Life India asset management

Life Insurance Corporation of India (LIC) has reported a substantial reduction in its shareholding in Nippon Life India Asset Management Ltd. through a market sale. Prior to the transaction, LIC held 31,111,008 shares, representing 5.013% of the target company's total share or voting capital.

Between September 30, 2021, and October 9, 2025, LIC sold 12,090,202 shares, amounting to 2.025% of the total share or voting capital. Following this market sale, LIC's remaining stake in Nippon Life India Asset Management stands at 19,020,806 shares, equating to 2.988% of the equity.

The equity share capital or total voting capital of Nippon Life India Asset Management Ltd. remained unchanged at 6,366,468,160.00. This disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.