Announced Wed, 24 Jun · 12:12 IST
LIC cuts stake in GIC Housing Finance to under 3 percent via market sale
GICHSGFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.9%1-day move
₹166.45
prior close
₹164.90
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0+0.2+0.6+0.4-3.9-7.1-8.1-8.7-8.1-8.2-9.9-11.7——
Up moveDown movePending
AI summary
LIC of India sold 11,02,877 shares (2.048%) of GIC Housing Finance in the open market between Nov 2007 and Jun 2026. Holding dropped from 5.037% (27,12,250 shares) to 2.989% (16,09,373 shares). LIC is not part of the promoter group. Disclosure filed under SEBI Takeover Regulations.
Likely market impact
Major institutional investor cutting stake may pressure stock sentiment and signal weaker conviction.