GIC Housing Finance Ltd has approved the Key Information Document (KID) for raising funds through the issue of Secured, Listed, Rated, Redeemable, Taxable, Non-Convertible Debentures on a Private Placement basis. The decision was taken by the Board of Directors during a meeting held on June 29, 2026. This move allows the company to secure capital through debt instruments as per the SEBI (NCS) Regulations, 2021.

The Board's approval covers the framework for the issuance, ensuring compliance with regulatory requirements. The debentures will be secured and redeemable, offering a structured investment option. The company stated that additional information, as per SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, will be provided at the time of the actual issue of the NCDs or Bonds during the year.

The meeting, which commenced at 3.00 P.M. and concluded at 04:26 P.M., was convened under Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The outcome has been disseminated to BSE Limited and the National Stock Exchange of India Limited, where the company's equity and various debt instruments are listed.

Key Details of the Approval

The intimation regarding the outcome of the Board meeting has been made available on the company's official website. The specific coupon rates and tenor of the debentures are expected to be disclosed closer to the date of the actual issue, in line with the regulatory circular referenced by the company.

Life Insurance Corporation of India (LIC) has reduced its shareholding in GIC Housing Finance Ltd to 2.989% through a market sale. The insurer sold 1,102,877 shares between November 21, 2007, and June 19, 2026, according to a disclosure filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction reduces LIC's ownership below the 5% threshold, which mandates public disclosure of shareholding changes.

Prior to the sale, LIC held 2,712,250 shares, representing 5.037% of the total paid-up share capital of GIC Housing Finance Ltd. The shares were sold via the market route, as indicated in the filing submitted to the stock exchanges on June 24, 2026. The total equity share capital of the company remained unchanged at 53,85,10,660 shares before and after the transaction.

Shareholding Details

The disclosure outlines the shift in LIC's position, confirming that the acquirer does not belong to the promoter or promoter group of the target company. The following table details the changes in shareholding:

Regulatory Filing

GIC Housing Finance Ltd intimated the stock exchanges regarding the receipt of the disclosure from LIC. The filing included the PAN number of LIC (AAACL0582H) and a list of Depository Participant (DP) IDs and Client IDs associated with the holdings. The disclosure was signed by the authorised signatory from LIC's Investment Department in Mumbai on June 23, 2026.