LIC cuts Info Edge stake to 2.993% through market sales

Ownership Changes View source PDF Explain this filing

NAUKRI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.5%Reaction day

₹1217.50

prior close

₹1202.50

announcement price

In-mkt

timing

Nifty Midcap 150market-2.1%-0.5% vs market

Internet & Catalogue Retail peers, median of 7sector-1.3%-1.2% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Midcap 150 and 1.2 pts less than its Internet & Catalogue Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.4

10m

+0.3

15m

+0.1

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.5-2.1-0.5-1.3-1.2

Next day

-1.7-1.0-0.7-1.6-0.1

-0.1pendingpending+2.4-2.5

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15d

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UpDownMarket · Nifty Midcap 150Sector · Internet & Catalogue Retail peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Life Insurance Corporation of India sold 12,944,498 Info Edge shares, or 2.015%, through market sales between 21 December 2022 and 16 October 2026. Its holding fell from 32,349,605 shares (5.008%) to 19,405,107 shares (2.993%). LIC is not a promoter or promoter group member.

Likely market impact

The sale may pressure sentiment, but LIC now owns less than 5%, lowering the risk of another large disclosure and future stock-sale concerns.