LIC Cuts Stake in GIC Housing Finance to 2.99% Through Market Sales

Life Insurance Corporation of India (LIC) has reduced its shareholding in GIC Housing Finance Limited to below 3%, according to a press release published by GIC Housing Finance on June 24, 2026. 

The stake sale was carried out through market transactions and resulted in LIC's holding in the housing finance company declining from 5.037% to 2.989%. 

LIC Reduces Stake in GIC Housing Finance 

As per the filing, LIC held 27.12 lakh shares of GIC Housing Finance, representing 5.037% of the company's equity share capital, before the transaction. 

The insurer sold 11.03 lakh shares, equivalent to 2.048% of the company's equity capital, through market sales. 

Following the transaction, LIC's shareholding in GIC Housing Finance declined to 16.09 lakh shares, representing 2.989% of the company's equity capital. 

GIC Housing Finance Share Price Performance 

GIC Housing Finance share price was trading at ₹166.00, up ₹0.39 or 0.24%, as of 2:08 PM on June 24, 2026. 

The stock opened at ₹167.00 and touched an intraday high of ₹167.16 and a low of ₹164.50 during the session. 

Over the past 1 week, GIC Housing Finance has gained 3.04%, while its 1-month return stands at 10.34%.  

LIC Share Price Performance 

Life Insurance Corporation of India share price was trading at ₹435.75, down ₹4.40 or 1.00%, as of 2:08 PM on June 24, 2026. 

The stock opened at ₹440.10 and touched an intraday high of ₹442.55 and a low of ₹433.45 during the session. 

LIC has delivered returns of 4.21% over the past 1 week and 7.20% over the past 1 month.  

Read More: LIC Dividend Record Date Tomorrow, June 25: Check Dividend Amount, Eligibility and Payment Date 

Conclusion 

LIC has reduced its stake in GIC Housing Finance to 2.989% from 5.037% through market sales of 11.03 lakh shares. The transaction resulted in LIC's shareholding falling below the 3% threshold, triggering the regulatory disclosure under SEBI's takeover regulations. 

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