LIC Reduces Holding Through Market Transactions
Prior to the transaction, LIC held 27.12 lakh equity shares, representing 5.037% of GIC Housing Finance’s total equity share capital.
The insurer sold 11.03 lakh shares, equivalent to 2.048% of the company’s equity capital, through market transactions.
Following the sale, LIC’s holding declined to 16.09 lakh shares, representing 2.989% of the company’s total equity share capital.
The reduction brought LIC’s ownership below the 3% threshold, requiring a regulatory disclosure under SEBI’s takeover norms.
GIC Housing Finance Share Price Performance
As of 2:08 PM on June 24, 2026, GIC Housing Finance shares were trading at ₹166.00, up ₹0.39 or 0.24%.
The stock:
- Opened at ₹167.00
- Touched an intraday high of ₹167.16
- Hit an intraday low of ₹164.50
Performance over recent periods:
- 1 Week: +3.04%
- 1 Month: +10.34%
LIC Share Price Performance
As of 2:08 PM on June 24, 2026, LIC shares were trading at ₹435.75, down ₹4.40 or 1.00%.
The stock:
- Opened at ₹440.10
- Reached an intraday high of ₹442.55
- Touched an intraday low of ₹433.45
Recent performance:
- 1 Week: +4.21%
- 1 Month: +7.20%
Why the Disclosure Matters
Under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, listed companies and investors are required to disclose changes in shareholding when ownership crosses specified thresholds.
Since LIC’s stake fell below 3%, the transaction became a reportable event under the regulations, ensuring transparency for investors and the market.
Conclusion
LIC has reduced its stake in GIC Housing Finance from 5.037% to 2.989% by selling 11.03 lakh shares through market transactions. While the sale has brought the insurer’s holding below the 3% regulatory threshold, the disclosure primarily reflects a change in shareholding and does not indicate any change in the company’s operations or business outlook.
Summary
Life Insurance Corporation of India (LIC) has reduced its stake in GIC Housing Finance Limited to below 3% through open market transactions, according to a regulatory disclosure by GIC Housing Finance dated June 24, 2026.
The transaction resulted in LIC’s shareholding declining from 5.037% to 2.989%, triggering a disclosure under SEBI’s takeover regulations.
Disclaimer:
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