New Delhi, Jan. 16 -- The Life Insurance Corporation of India (LIC) has decreased its stake in ICICI Bank Ltd to below the 5% level after conducting a number of market transactions, just ahead of the Q3 earnings report set for tomorrow, Saturday, January 17.

The state-owned insurer divested 12.70 crore shares of ICICI Bank through market sales, reducing its ownership from 6.737% to 4.731% of the bank's total equity capital.

Prior to the sale, LIC owned 46.51 crore shares of ICICI Bank, which accounted for 6.737% of the overall voting capital. Following the sale, its stake now stands at 33.81 crore shares, representing 4.731%. The transactions took place between December 24, 2020, and January 13, 2026, according to the disclosure.

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