Life Insurance of India : Sale or disposal of unit/ division/subsidiary

IILIC

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LIFE INSURANCE CORPORATION or INDIA

Ref. No.: LIC/SE/2022-23/36	Date: July 19th, 2022
To,	The Manager
The Manager
Listing Department	Listing Department
BSE 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 "SIEMENS LTD" has diluted from 25,623,599 to 18,412,652 Equity Shares decreasing its shareholding from 7.195% to 5.170% 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 91 September, 2015 are enclosed as "Annexure - A".

This is for your information and dissemination.

Yours faithfully,

For Life Insurance Corporation of India

• 1�1ottf �?-

(Pawan Agrawal)

Company Secretary & Compliance Officer

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Central office, "Yogakshema", Jeevan Bima Marg, Mumbai - 400 021, Tel.:[phone]

Annexure-A

SL No.

Particulars

Details

Name of the target entity, details

1

in brief such

SIEMENS LTD..

as size, turnover etc.

Market Cao - !NR 96720.48Cr.

2

Whether the acquisition

would fall within related

No

party transaction(s) and whether the promoter/

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"

3

Industry to which the entity being acquired

Heavy Electrical Equipment

belongs

4

Objects and effects of acquisition (including but

Investment Function.

not limited to, disclosure of reasons

for

I

acquisition of target entity, if

its business

is

outside the main line of business of the listed

I

In ordinary Course of transaction.

entity)

I

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 more than 2%

acquisition;

in holding during the period from

Nature of consideration -

whether cash

14.10.2020 to 18.07.2022.

7

Open Market Sale

consideration or share swap and details of the

same·

Cost of acquisition or the price at which the

Holding decreased from 7.195% to

shares are acquired;

5.17%, a decrease of 2.025% during

the period from 14.10.2020 to

18.07.2022 at an average cost of INR

2701.19.

9

Percentage of shareholding I control acquired

5.17%

and I or number of shares acquired;

10

Brief background about the

entity

acquired in

The Company is in the business of

terms of products/ line of business acquired,

date of incorporation, history of last 3 years

Heavy Electrical Equipment.

turnover, · country in which the acquired entity

has presence and any other significant

information (in brief);

EXFCUTIVE DtRECTOR.(INVT/BACKOFFICE)

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