LIC executive director Sesha Giridhar Kuppili retires on August 31

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Reviewed by
Naman SScanX News Team
Key Highlights
  • Sesha Giridhar Kuppili retires as Executive Director on August 31, 2026
  • He oversaw Pension and Group Schemes at LIC's Mumbai central office
  • Disclosure made under Regulation 30 of SEBI Listing Regulations
  • Notification issued to BSE and NSE by Company Secretary Anshul Kumar Singh
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Life Insurance Corporation of India announced the superannuation of Executive Director Sesha Giridhar Kuppili, effective August 31, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Kuppili served as Executive Director for Pension and Group Schemes at the corporation’s central office in Mumbai. His tenure concludes after the close of office hours on August 31, 2026.

The company notified both the Bombay Stock Exchange and the National Stock Exchange of India Ltd regarding the leadership change. The intimation was signed by Anshul Kumar Singh, Company Secretary and Compliance Officer.

This administrative update reflects routine personnel changes within the insurer’s senior management structure. No financial metrics or operational impacts were disclosed alongside the announcement.

Historical Stock Returns for LIC of India

1 Day5 Days1 Month6 Months1 Year5 Years
-1.29%-1.35%-2.48%-1.92%-4.19%0.0%

Who is the likely successor to Sesha Giridhar Kuppili, and how might their background influence LICI's strategy for pension and group schemes?

Will LICI initiate a search for an external candidate or promote from within to fill the Executive Director role, and what does this signal about its leadership development pipeline?

How might this leadership transition impact the continuity and growth trajectory of LICI's pension fund assets under management?

LIC subscribes to ₹5,000 crore Bajaj Finance NCDs

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Reviewed by
Riya DScanX News Team
Key Highlights
  • LIC subscribed to ₹5,000 crore worth of Bajaj Finance NCDs
  • The deal involved 500,000 units at a face value of ₹1,00,000 each
  • Funds will be used for general business purposes and loan repayments
  • The transaction is not a related-party deal
  • Completion occurred on August 27, 2026
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Life Insurance Corporation of India has subscribed to ₹5,000 crore worth of non-convertible debentures (NCDs) issued by Bajaj Finance Limited. The transaction was completed on August 27, 2026.

The insurer acquired 500,000 units of the debt instruments, each with a face value of ₹1,00,000. The payment was made via bank or RTGS transfer. This investment is not classified as a related-party transaction, and no promoter or group company holds an interest in the entity being acquired.

Transaction Details

Bajaj Finance Limited is a deposit-taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India. It operates as a subsidiary of Bajaj Finserv Limited, which holds a 51.3% ownership stake. The RBI classifies the company as an NBFC-Investment and Credit Company (NBFC-ICC) and an Upper Layer (NBFC-UL) entity.

Particulars Details
Target Entity Bajaj Finance Limited
Instrument Non-Convertible Debentures (NCDs)
Total Value ₹5,000 crore
Units Acquired 500,000
Face Value per Unit ₹1,00,000
Payment Mode Bank/RTGS
Completion Date August 27, 2026

Use of Proceeds

The funds raised through this issue are intended to augment the long-term resources of Bajaj Finance. The company plans to utilize the capital for general business purposes. This includes various financing activities, repayment of existing loans, capital expenditure, and working capital requirements.

No governmental or regulatory approvals were required for this acquisition. The event occurred at 10:30 am on August 27, 2026, as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Historical Stock Returns for LIC of India

1 Day5 Days1 Month6 Months1 Year5 Years
-1.29%-1.35%-2.48%-1.92%-4.19%0.0%

How will this ₹5,000 crore injection impact Bajaj Finance's debt-to-equity ratio and overall leverage metrics in the coming fiscal quarters?

Does this large-scale investment by LIC signal a broader shift in Indian institutional investors' appetite for NBFC debt amid current interest rate trends?

What specific growth initiatives or asset classes will Bajaj Finance prioritize with these proceeds to enhance long-term returns on equity?

More News on LIC of India

1 Year Returns:-4.19%