LIC Reduces Stake in Hindustan Copper Ltd. Through Market Sale

New Delhi: Life Insurance Corporation of India (LIC), India’s largest insurance and institutional investor, has reduced its stake in Hindustan Copper Ltd. (HCL) through a series of market transactions between August 16, 2024, and December 23, 2025.

The move comes under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, requiring disclosure for shareholders holding more than 5% of a listed company. LIC, previously holding 58,848,803 shares (6.086% of HCL’s total voting capital), sold 19,472,268 shares (2.014%) in the open market. After the transactions, LIC’s post-sale holding stands at 39,376,535 shares (4.072%).

The sale was executed through the stock exchanges—BSE and NSE—and reflects LIC’s routine portfolio adjustments as part of its investment strategy. The equity capital of Hindustan Copper Ltd. remained unchanged at 483,51,20,100 shares before and after the sale.

This disclosure was submitted to HCL’s Company Secretary and shared with BSE Ltd. and NSE Ltd., in compliance with SEBI regulations. LIC also provided relevant DP IDs, Client IDs, and PAN details for transparency.

The move signals active portfolio management by LIC, while maintaining its continued support for key public sector companies like Hindustan Copper Ltd., a critical player in India’s copper mining and infrastructure sector.