LIC Acquisition Details in GIC Housing Finance Ltd.
Life Insurance Corporation of India (LIC) has acquired additional shares in GIC Housing Finance Ltd., with the transaction details reflecting a market sale. The acquisition involved the LIC, represented by its Central Office in Mumbai, and marks an update in its substantial holding of the housing finance company.The corporation's holdings demonstrate a reduction following the purchase. Before this particular acquisition, the LIC held 2,712,250 shares, which accounted for 5.037% of the target company's capital. The subsequent market sale resulted in the acquisition of 1,102,877 shares, representing 2.048%.
Following this transaction, the LIC's holding stood at 1,609,373 shares, equating to a 2.989% stake in GIC Housing Finance Ltd.
Details regarding the acquisition are summarized below:
| Holding Metric | Before Acquisition | Acquisition Details | After Acquisition |
|---|---|---|---|
| Shares Held | 2,712,250.00 | 1,102,877.00 (Market Sale) | 1,609,373.00 |
| Percentage of Capital | 5.037% | 2.048% | 2.989% |
The equity share capital of GIC Housing Finance Ltd., both before and after the acquisition, was reported as 53,85,10,660.00. The method of acquisition utilized in this transaction was a market sale.
GICHSGFIN Stock Price Movement
Shares of GIC Housing Finance Limited are slipping by 0.19% in live trading as of 12:33 PM, currently at ₹165.30 after shedding ₹0.31. The stock trades amid a high volume of 199,750 shares during the current market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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