Life Insurance Corporation of India (LIC) has disclosed a substantial reduction in its shareholding in Adani Ports & SEZ , filing the disclosure under SEBI's regulatory framework for substantial acquisitions and takeovers.

Shareholding Reduction Details

LIC's stake in the port infrastructure company decreased from 9.35% to 7.34% of the total share capital. The reduction occurred through market sales conducted over an extended period from November 1, 2022, to December 10, 2025.

Current Shareholding Position

Following the market transactions, LIC's updated shareholding position in Adani Ports reflects a significant but still substantial stake in the company.

Regulatory Compliance

The disclosure was made in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. LIC filed the mandatory disclosure as it continues to hold more than 5% shares in the listed company, requiring ongoing compliance with substantial shareholding disclosure norms.

The insurance corporation provided comprehensive details including its multiple Depository Participant IDs (DPIDs), Client IDs, and PAN number (AAACL0582H) as part of the regulatory filing. The disclosure was simultaneously submitted to both NSE and BSE, where Adani Ports shares are listed.

Market Implications

Despite the reduction, LIC remains a significant institutional investor in Adani Ports & SEZ with its 7.34% shareholding. The transactions were conducted through open market sales over the specified period, representing a strategic portfolio adjustment by India's largest life insurance company.

Adani Ports & SEZ (APSEZ), India's largest private port operator, has reported a significant increase in its cargo handling volumes for November. The company's operational performance highlights its continued growth trajectory in the port and logistics sector.

Key Highlights

• APSEZ handled 41 MMT of port cargo in November, marking a 14% year-on-year (YoY) increase.
• The growth was primarily driven by:
  • Container volumes: 20% YoY increase
  • Dry cargo: 10% YoY increase
• Year-to-date (YTD) performance through November:
  • Total cargo handled: 325.4 MMT, up 11% YoY
  • Logistics rail volume: 469,835 TEUs, showing a 13% YoY improvement

Operational Performance Breakdown

The company's robust performance in cargo handling, especially in containers and dry cargo, underscores its strong position in the Indian port sector. Despite a slight decline in logistics rail volume and GPWIS (General Purpose Wagon Investment Scheme) volume for November, the year-to-date figures show positive growth, indicating overall strength in APSEZ's logistics operations.

Financial Perspective

While the operational data shows strong growth, it's important to consider APSEZ's financial position. As of the last reported financial year, the company's consolidated balance sheet reflects:

• Total assets of ₹135,332.20 crore, a 13.80% increase from the previous year
• Shareholders' capital of ₹62,435.40 crore, up 17.93% year-over-year
• Current assets of ₹18,757.40 crore, an 8.51% rise from the previous year

These financial indicators, coupled with the strong operational performance, suggest that APSEZ is well-positioned for continued growth in the port and logistics sector.

The company's ability to handle increased cargo volumes, particularly in containers and dry cargo, aligns with its strategic focus on enhancing port infrastructure and efficiency. As Adani Ports & SEZ continues to expand its operations and improve its logistics network, it is likely to maintain its leading position in India's port sector.

Investors and market watchers will be keen to see how this operational growth translates into financial performance in the coming quarters, especially given the company's ongoing expansion and investment initiatives.