New Delhi, May 26 -- Shares of Nestle India gained over 2 percent in intra-day trade on Monday, May 26, following an announcement from Life Insurance Corporation of India (LIC) regarding an increase in its stake in the packaged foods major. The stake hike, which pushed LIC's shareholding above the regulatory threshold of 5 percent, sparked renewed investor interest in the stock. The development comes amid broader news around Nestle's global investment plans and a mixed set of quarterly earnings.

In a regulatory filing submitted under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, LIC disclosed that it had acquired 1,49,000 additional shares of Nestle India through a market purchase on May 23, 2025. With this t...