Life Insurance Corporation of India (LIC) has reduced its stake in Info Edge (India) Ltd to 2.99%. Over a period spanning from late 2022 to October 2026, the insurer sold approximately 1.29 crore shares, moving its holding from 5.01% to below the 3% mark.
LIC Trims Info Edge Holding to 2.99 Percent
Total shares sold: 12,944,498 | New holding: 19,405,107 shares (2.993%)
Reader Takeaway: The multi-year sell-off suggests a gradual portfolio rebalancing rather than an abrupt exit from the stock.
What just happened
Life Insurance Corporation of India (LIC) has filed a disclosure under SEBI’s Takeover Regulations, confirming it has sold 12,944,498 shares of Info Edge (India) Ltd. These transactions occurred in the open market over an extended duration between December 21, 2022, and October 16, 2026.
Why this matters
This move marks a significant decline in LIC's stake, dropping from a substantial holding of 5.008% to 2.993%. For retail investors, the disclosure confirms the insurer is no longer a substantial shareholder above the 5% threshold, a status often watched by market participants for long-term confidence.
The backstory
The sale was not a single-day event but a systematic reduction performed over nearly four years. By spreading the divestment across such a long timeframe, the downward pressure on Info Edge stock was likely mitigated, preventing the sharp volatility often seen in institutional block deals.
Context metrics
- Holding Before Sale: 32,349,605 shares (5.008%)
- Shares Sold: 12,944,498 shares (2.015%)
- Holding After Sale: 19,405,107 shares (2.993%)
What to track next
Investors should monitor future shareholding pattern filings to see if LIC continues to trim its remaining ~2.99% stake or maintains it at current levels, as well as any broader shifts in the insurer's technology portfolio strategy.