Smart Money Alert

Steel Authority of India Limited

BoughtSAST

SAILIron & SteelMarket Cap₹70K Cr

Trade date

1 Sept 2026

Since alert−5.1%₹179.00 → ₹169.80

Nifty 50−2.8%

Life Insurance Corporation of India

Investor

The move

Life Insurance Corporation of India reduced its stake in Steel Authority of India Limited from 6.63% to 4.63%, selling 8.26 crore shares through open-market transactions between April and September 2026.

About Steel Authority of India Limited

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One of India's largest steel manufacturers and a Maharatna Central Public Sector Enterprise, SAIL operates five integrated steel plants and three special steel plants across eastern and central India. The company produces a broad range of steel products for diverse industrial applications, strategically positioned near domestic sources of raw materials to optimize production efficiency and supply chain management. SAIL remains a key player in India's steel sector.

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More moves in Steel Authority of India Limited

Mirae Asset Mutual Fund

Direction, size, price and stake change for this move, with what it means for the company.

21 Oct 2026. Sign in to see this move

LICDecreased

Life Insurance Corporation of India sold 8.26 crore shares of Steel Authority of India Limited through open market transactions, reducing its stake from 6.62% to 4.62%.