LIC reduces stake in Bharat Petroleum through market sale

Life Insurance Corporation of India (LIC) has disclosed a decrease in its stake in Bharat Petroleum Corporation Ltd (BPCL), through market sale transactions between June 21, 2024, and November 18, 2025. This disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Before the transactions, LIC held 379,945,902 shares, representing 8.758% of BPCL's total share capital. Following the sale of 86,772,543 shares, which accounted for 2.001% of the company, LIC's holding has decreased to 293,173,359 shares. This now represents a 6.757% stake in Bharat Petroleum Corporation Ltd. The total equity share capital of BPCL before and after the transactions remains constant.