LIC reduces stake in GIC Housing Finance to 2.989%

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:

Particulars	Number of Shares	% of Total Share Capital
Holding before acquisition	2,712,250.00	5.037%
Shares sold	1,102,877.00	2.048%
Holding after sale	1,609,373.00	2.989%

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.69%	+3.70%	+10.84%	-6.00%	-10.27%	+11.21%

GIC Housing Finance Ltd has closed its trading window for all Directors, Promoters, Designated Officers, Connected Persons, and their immediate relatives effective Tuesday, June 30, 2026. The restriction will remain in force until the announcement of the financial results for the first quarter ending June 30, 2026. This measure is implemented to comply with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Code of Conduct.

The trading window is scheduled to reopen 48 hours after the financial results information is made public. The company has stated that the specific date for the Board Meeting to discuss these results will be communicated in due course.