LICHSGFINNSELIC Housing Finance Limited· Finance - HousingMediumNegative
Announced Wed, 8 Apr · 11:55 IST

LIC Housing Finance Limited has informed the Exchange regarding Cessation of Mr Ganesh Kinkar Jena as General Manager of the company w.e.f. April 07, 2026.

Management Changes View source PDF

LICHSGFIN · price

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Price reaction · full curve 14 horizons · vs prior close
+3.9%1-day move
₹512.50
prior close
₹525.90
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.1-0.2-0.1+3.9+3.8+1.7+3.4+4.5+4.5+8.3+13.5+5.3+3.6
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AI summary

LIC Housing Finance Limited has announced the cessation of Mr. Ganesh Kinkar Jena as General Manager (Marketing) effective April 7, 2026. The reason stated is that he has been repatriated back to LIC of India, which is the parent company holding a majority stake in LIC Housing Finance. This is a routine internal transfer within the LIC group. The company has informed both NSE and BSE as required under SEBI Listing Regulations.

Likely market impact

This departure is unlikely to have any significant impact on the stock or operations as it appears to be a routine internal reassignment within the LIC group, and Mr. Jena was not a Key Managerial Personnel (KMP) under SEBI regulations.