Life Insurance Corporation of India (LIC) has sold 2.018% of its equity stake in public sector lender Canara Bank through market transactions, reducing its shareholding in the bank from 5.841% to 3.823%.
According to the regulatory disclosure filed on November 3, 2026, LIC sold 18,30,51,538 equity shares, representing 2.018% of Canara Bank’s total share capital.
Following the transaction, LIC’s shareholding in Canara Bank has declined from approximately 52.98 crore shares to 34.68 crore shares.
The transaction was executed through market sales, while Canara Bank’s total equity share capital remained unchanged at approximately ₹18,141.30 crore. Canara Bank+2
Key Details of LIC’s Stake Sale
| Particulars | Details |
|---|---|
| Seller | Life Insurance Corporation of India |
| Company | Canara Bank |
| Shares sold | 18.31 crore |
| Stake sold | 2.018% |
| Holding before sale | 5.841% |
| Holding after sale | 3.823% |
| Transaction mode | Market Sale |
| Disclosure date | November 3, 2026 |
The stake sale marks a reduction in LIC’s exposure to Canara Bank, one of India’s leading public sector banks.
