GIC Housing Finance Limited
LIC sold 52,234 shares of GIC Housing Finance for approximately ₹69 lakh, reducing its stake from 2.53% to 2.44%.
A housing finance company incorporated in 1989, GIC Housing Finance provides loans for the purchase and construction of residential units across India. The company specializes in financing home buyers and real estate developers through customized lending solutions tailored to individual needs. Operating in the affordable and mid-segment housing markets, it serves retail and institutional customers seeking residential property financing and related financial services.
India's largest domestic institutional investor with over Rs 56 lakh crore in total AUM, of which roughly Rs 15 lakh crore sits in listed equities. Holds stakes in virtually every major listed Indian company. When LIC builds or exits a position, it moves markets. Government-owned and mandated to invest policyholder funds in Indian equities and bonds, making it the ultimate long-only, long-term India bull.