ED probe puts LIC Housing Finance under scrutiny
after close2 sources ↓machine-written, see hownot a recommendation
- LICHSGFIN close
- ₹493.70
- On the day
- -3.95%
- Futures OI, short build-up
- +1.1%
- Put-call ratio
- 0.59
- Max pain
- ₹510.00
The Enforcement Directorate registered a money-laundering case against Essel Group founder Subhash Chandra over an alleged ₹1,322 crore loss at LIC Housing Finance. The action followed a Central Bureau of Investigation FIR alleging criminal conspiracy, cheating, criminal breach of trust and misappropriation of loan funds. The allegations relate to loans issued to companies associated with Chandra between 2018 and 2026.
The CBI complaint reportedly alleged that inflated net-worth certificates were submitted to obtain financing. One certificate placed Chandra’s net worth at ₹59,113.21 crore as of 31 Mar 2017, while another dated 6 Jul 2018 reported ₹40,562 crore. The complaint also cited a later personal insolvency proceeding in which his net worth was stated as ₹31.79 crore in 2024. The case names Chandra and eight others; the allegations have not been adjudicated. ⚖️
Key Points:
• OI Charts data showed LIC Housing Finance closing at ₹493.70 on 30 Oct 2026, down 3.95% on the day, with volume of 12,26,476 shares.
• The stock had declined 12.5% over 20 sessions and traded within a 52-week range of ₹458.90 to ₹598.20.
• Futures open interest rose 1.1% to 3.76 crore shares while the futures price remained at a 0.84% premium, indicating a short build-up in OI Charts’ reading.
• The options put-call ratio was 0.59. The largest call open interest stood at ₹530, the largest put open interest at ₹480, and max pain was ₹510 for the 23 Nov 2026 expiry.
The ED case adds legal and credit-quality scrutiny to the housing-finance lender’s exposure to disputed group-linked loans. For the broader financial-services sector 💼, the immediate issue is whether subsequent filings provide details on recoveries, provisioning, collateral or any direct financial impact on the lender.
Traders will watch ED or CBI filings, statements from LIC Housing Finance, and any disclosure concerning the alleged exposure. The ₹480 put open-interest zone and ₹530 call concentration are the key options levels in the available data, while ₹510 is the expiry’s max-pain reference. The company’s response and any court or investigative action will determine how the market assesses the matter next. 📉
Source: The Statesman, 02 Nov 2026
Not investment advice. For informational purposes only.