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LIFE INSURANCE CORPORATION OF.INOIA

Ref. No.: LIC/SE/2022-23/35

Date: July 19th , 2022

To,

The Manager

The Manager

Listing Department

Listing Department

SSE Limited

The National Stock Exchange of India Ltd.

Phiroze Jeejeebhoy Tower

Exchange Plaza, 5th Floor, Plot C/1,

Dalal Street

G Block, Sandra Kurla Complex

Mumbai- 400001

Mumbai - 400051

ScripCode: (BSE - 543526/ NSE - LICI}

Dear Sir/Madam,

Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Sale of Shares

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Corporation's shareholding in "ICRA LTD" has diluted from 5,60,863 to 3,31,434 Equity Shares decreasing its shareholding from 5.811% to 3.434% of the paid-up capital of the said Company.

The details as required under SEBI (Listing Obligations and Disclosure Requirements� Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated gt September, 2015 are enclosed as "Annexure - A".

This is for your information and dissemination.

Yours faithfully,

For Life Insurance Corporation of India

  • 11b'1 !}.o9 :i--

(Pawan Agrawal)

Company Secretary & Compliance Officer

� �, "lll1ll!hr', ;;ftq.f .ftin ll'l'f, � - 400 021. �: 66598000

Central office, "Yogakshema", Jeevan Bima Marg, Mumbai - 400 021,

Tel.: 66598000

SL No.

1

2

Particulars

Name of the target entity, details in brief such as size, turnover etc.

Whether the acquisition would fall within related party transaction(s) and whether the promoter I promoter group / group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length"

Annexure-A

Details

ICRA LTD.

Market Ca - INR 3,997 Cr.

No

Industry to

which the entity being acquired

3

belongs

Ratings Industry

4

Objects and effects of acquisition (including but

not limited to, disclosure

of

reasons for

acquisition of target entity, if its business is outside the main line of business of the listed entity)

Investment Function.

In ordinary Course of transaction.

5

Brief details of any governmental or regulatory

NIL

approvals required for the acquisition·

6

Indicative time period for completion

of the

There is a decrease of 2% in holding

acquisition;

during the period from 06.09.2021 to

18.07.2022.

7

Nature of consideration - whether

cash

Open Market Sale

consideration or share swap and details of the

same·

8

Cost of acquisition or the price at which the

Holding decreased from 5.811% to

shares are acquired;

3.434%, a decrease of 2.377%

during the period from 06.09.2021 to

18.07.2022 at an average cost of

INR 1541.85

9

Percentage of shareholding / control acquired

3.434%

and I or number of shares acquired;

Brief background about the entity acquired in

10 terms of products / line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity

has presence and any other significant information (in brief);

The Company is involved in rating,

management consulting and outsourcing and information services etc..

IVE DtRECTOR (INVT/BACKOFFICE)

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LIC - Life Insurance Corporation of India published this content on 19 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 July 2022 10:43:06 UTC.