LIC sells 2.1 percent stake in Granules India, holding falls to 2.9 percent
GRANULES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.5 pts more than Nifty Smallcap 250 and 2.2 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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LIC sold 49,56,124 shares (2.104 percent) of Granules India via market sale between Feb 27, 2025 and Aug 3, 2026. Its stake dropped from 5.020 percent (1.21 crore shares) to 2.916 percent (72.26 lakh shares). LIC is not part of the promoter group. Total equity capital remained unchanged at 24.77 crore shares.
Major institutional investor trimming stake by over 2 percent is bearish; sale of nearly 50 lakh shares adds supply pressure on the stock.