Life Insurance Corporation of India (LIC) has reduced its shareholding in Adani Ports and Special Economic Zone Ltd to 7.343%, according to a regulatory filing submitted on December 11, 2025. The state-owned insurer disclosed the change under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
What changed?
According to the disclosure, LIC held 19,75,26,194 shares (9.35% of total voting capital) in Adani Ports before the transaction. It sold 3,89,04,223 shares, representing 2.007%, through market sale. After the sale, LIC’s holding declined to 15,86,21,971 shares, equivalent to 7.343% of the company’s voting capital.
This information is clearly shown in Annexure 2, Pages 2–3 of the filing.
Sale period and method
The disclosure notes that the transactions took place between November 11, 2022 and December 10, 2025, with the mode of sale classified as “market sale.” The filing also confirms that the insurer is not part of the promoter group.
Regulatory requirement
The filing was addressed to Adani Ports’ Company Secretary and sent to both BSE and NSE, as required for shareholders whose stake moves beyond 2% in either direction once they hold more than 5%. The document lists the insurer’s DP IDs, client IDs and PAN for verification.
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