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- LIC Raises Stake In This Adani Group Stock To Over 10.50%, NBCC India To 4.5%, Check All Details
Mumbai4 minutes ago
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Life Insurance Corporation of India (LIC) has increased its stake in Adani Group’s cement company ACC Limited to more than 10%. LIC has purchased more than 37 lakh shares of ACC from the open market.
Similarly, LIC has also increased its stake in PSU stock NBCC India to 4.5%. These purchases have taken place in recent months and LIC has given this information in a regulatory filing today (Friday, November 28).
This movement of LIC has come in the eyes of investors in the stock market. These changes may be part of LIC’s long term investment strategy. ACC shares are trading around Rs 1,849 today, down 1.13%. Whereas NBCC stock is trading 0.19% down at Rs 117.20.
How LIC increased stake in ACC
LIC has increased its holding in ACC Limited from 8.58% to 10.59%. For this, the company purchased 37,82,029 equity shares between May 20, 2025 and November 25, 2025, which is 2.01% of the total equity of the company. Earlier, LIC had 1,61,15,035 shares, which has now increased to 1,98,97,064.
This purchase has been done completely through the open market route, it was neither a preferential allotment nor a rights issue or off-market transfer. In the regulatory filing, LIC has clearly stated that these investments have been made through market buying only.
ACC shares fell 15% in a year
ACC is the flagship cement company of Adani Group, which holds a strong position in the construction and infrastructure sector. But its stock has fallen more than 15% in the last one year and is down 3% in six months. It gained 3% in three months, but was flat last month. A return of 9% has been received in terms of five years. The market cap of the company is Rs 35 thousand crores.
LIC also bought shares of NBCC India
LIC purchased 30,24,672 shares in NBCC India from April 25, 2018 to November 24, 2025, which constitutes 2.07% of the voting capital. Due to this, LIC’s holding increased from 11,78,66,918 shares to 12,08,91,590 shares. But the percentage seems to be decreasing from 6.55% to 4.48%. The reason for this is the increase in the voting capital base of NBCC, which increased from 18 crore shares to 27 crore.
NBCC is a central PSU, which deals in construction projects and real estate development. Its performance has been excellent. The stock has given 18% returns in the last one year. There was a growth of 6% in the last one month.
NBCC gives multibagger returns in long term
NBCC has given multibagger returns in the long term. There was a growth of 575% in five years. The market cap of the company is Rs 30 thousand crores. LIC said in the filing that these shares in NBCC were also taken from the open market. No special deal or transfer took place.
What is LIC’s strategy behind investment?
LIC is the largest insurance company in India and has a huge portfolio in the stock market. It often invests in blue-chip and growth stocks. Adani already had holding in group companies, but crossing 10% in ACC is an important step. When these thresholds are crossed, regulatory disclosure is required, which LIC did on time.
In the case of NBCC, long term purchase shows that LIC has faith in government companies. Investing in PSU stocks provides dividend income and stability. Market experts say that this movement shows LIC’s confidence in the growth of the infrastructure sector.
An analyst said that this purchase of LIC gives signals of sector recovery, especially amid the construction boom. Over the past few years, LIC has increased stakes several times in groups like Reliance and HDFC. But this rise in Adani Group could boost investor confidence, even if the shares are under pressure in the short term.
What will be the further impact on both the stocks?
In today’s trading session, pressure was seen on ACC, but NBCC made positive movement. Increase in LIC’s holding may provide support to long term investors. There may be recovery for ACC due to increase in cement demand, because Adani Group’s projects are on pace. NBCC is benefiting from government UDAN and smart city projects, which may continue further.
According to market sources, keep an eye on these stocks in the next quarter. If global construction boom continues, ACC may go above Rs 2,000. The target of NBCC is considered to be Rs 130-140. But there may be volatility in the short term.
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