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.

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.

Life Insurance Corporation of India has filed its post-offer for sale (OFS) shareholding pattern with the stock exchanges for the quarter ending August 7, 2026. The filing, dated August 19, 2026, confirms that the promoter group’s stake remains unchanged at 90%, with no shares pledged or encumbered.

The public shareholding stands at 10%, comprising domestic institutions, foreign portfolio investors, and resident individuals. Mutual funds are the largest institutional holders within the public category, followed by foreign portfolio investors and bodies corporate.

Shareholding Breakdown

The total number of fully paid-up equity shares held is 12,649,995,402. There are no partly paid-up shares, depository receipts, or locked-in shares reported in the filing.

Promoter Holding Details

The entire promoter stake is held by the Central Government, specifically under the President of India. This entity holds 11,384,912,004 shares, representing 90.00% of the total equity. There are no foreign promoters, and none of the promoter shares are pledged or encumbered.

Public Shareholder Composition

Public shareholders hold 1,265,083,398 shares (10.00%). Domestic institutions form the largest segment within this category.

• Domestic Institutions: Hold 759,430,559 shares (6.00%). Mutual funds account for the majority, with ICICI Prudential Mutual Fund (2.70%) and SBI Equity Mutual Fund (1.30%) being significant holders.
• Foreign Institutions: Hold 151,704,117 shares (1.20%). Foreign Portfolio Investors (Category I) hold the bulk of this stake at 145,120,728 shares (1.15%).
• Non-Institutions: Hold 353,948,630 shares (2.80%). Resident individuals holding nominal share capital up to ₹2 lakhs constitute the largest sub-group with 224,994,212 shares (1.78%).

Foreign Ownership Limits

As on August 7, 2026, the utilized foreign ownership limit is 1.23% against a board-approved limit of 20%. No other foreign ownership categories such as FDI or Sovereign Wealth Funds reported holdings.

What the Numbers Show

The shareholding structure reflects high concentration among government and retail investors. With the promoter group holding 90% and resident individuals (primarily those with small holdings) accounting for nearly 18% of the public float, liquidity may be influenced by the trading activity of mutual funds and foreign portfolio investors, who collectively hold approximately 6.5% of the total equity.