LIC acquires 2% stake in BPCL

Life Insurance Corporation of India (LIC) bought 4,38,02,790 equity shares or 2.01% stake of Bharat Petroleum Corporation from 11 June 2018 to 28 December 2021.

Post transaction, Life Insurance Corporation of India (LIC) increased its shareholding to 15,25,08,269 equity shares or 7.03% stake from 10,87,05,479 equity shares or 5.011% stake held in Bharat Petroleum Corporation. The deal was executed as market purchase.

As of 30 September 2021, Life Insurance Corporation (LIC) of India held 5.66% stake while the Government of India held 52.98% stake in the PSU OMC.