LIC portfolio rejig: Insurer trims stake in NBCC to 4.5%, hikes ACC stake to nearly 11%

LIC portfolio rejig

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26 Aug, 2025 12:21

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Life Insurance Corporation of India (LIC) has reduced its stake in NBCC (India) to 4.477 percent, the latter announced in an exchange filing on November 28. The insurer meanwhile bought another 2 percent stake in ACC.

LIC shares fell nearly 1 percent to trade at Rs 894.60 apiece while NBCC shares were trading in the green with marginal gains. ACC shares fell more than 1 percent to trade at Rs 1,850 apiece, as seen at 1.35 pm.

LIC's stake sale in NBCC:

According to data on NBCC's shareholding pattern as on September 30, 2025, the President of India is the largest promoter of the company, owning 61.75 percent stake.

Earlier this month, NBCC reported a consolidated net profit of Rs 153.5 crore for Q2 FY26, marking a 26 percent year-on-year (YoY) rise from the Rs 122.12 crore net profit reported in the corresponding quarter of the previous financial year. The firm's revenue from operations meanwhile rose 19 percent YoY to Rs 2,910.2 crore during the quarter under review.

LIC's stake acquisition in ACC:

According to data on ACC’s shareholding pattern as on September 30, 2025, Adani Group's Ambuja Cements owned a majority stake of 50.55 percent in the company.

In October this year, ACC reported a consolidated net profit of Rs 1,119 crore for Q2 FY26. This marks a whopping 461 percent YoY rise from the Rs 200 crore net profit reported in the same period last year. The firm’s revenue from operations meanwhile rose 30 percent YoY to Rs 5,896 crore during the quarter under review.

Notably, LIC recently brought down its shareholding in Bharat Petroleum Corporation (BPCL) to 6.75 percent, compared with 8.75 percent earlier.

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