Diabytes
LIC Housing Finance to raise Rs 2,334 crore
Post the allotment, LIC's stake in the company increased to 45.24 per cent as against the pre-issue shareholding of 40.31 per cent. The company will seek the shareholders' nod for the proposed preferential allotment of shares during its Extraordinary General Meeting on July 19, said another regulatory filing.
- In a regulatory filing, the housing finance company said that it will issue 4.54 crore equity shares to LIC at Rs 514.25 per share.
- Post the allotment, LIC's stake in the company increased to 45.24 per cent as against the pre-issue shareholding of 40.31 per cent.
- The company will seek the shareholders' nod for the proposed preferential allotment of shares during its Extraordinary General Meeting on July 19, said another regulatory filing.
Trending Photos
7- 7
- 7
- 7
 "LIC Housing Finance to raise Rs 2,334 crore")
LIC Housing Finance plans to raise about Rs 2,334.69 crore through preferential issue of equity shares to Life Insurance Corporation of India (LIC).
In a regulatory filing, the housing finance company said that it will issue 4.54 crore equity shares to LIC at Rs 514.25 per share.
Post the allotment, LIC's stake in the company increased to 45.24 per cent as against the pre-issue shareholding of 40.31 per cent.
The company will seek the shareholders' nod for the proposed preferential allotment of shares during its Extraordinary General Meeting on July 19, said another regulatory filing.
Stock price of LIC Housing Finance rose on Friday on the back of the announcement of equity capital coming in.
Around 12.40 p.m., shares of the company on the BSE were trading at Rs 468.65, higher by Rs10.90 or 2.38 per cent from its previous close.
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.
Live Tv
 "DNA: Power Theft Allegations Against SP MP Ziaur Rahman Barq")
 "DNA: Hot Tea Linked to Cancer Risk!")
 "DNA: Why Jordan Fears After Syria’s Coup?")
 "DNA: Gandhi Family Ruined My Career, says Mani Shankar Aiyar")
 "DNA: NSA Ajit Doval’s China Visit - Inside Story")
 "DNA: Ground Report- Tight Security Arrangements for Mahakumbh")
 "DNA: Who got superstar Allu Arjun arrested?")
 "DNA: US announces 100-point plan for Islamophobia")
 "DNA: Revelation! Were rioters outsiders in Sambhal?")
 "DNA: Why Muslims in UP Tracing Their Hindu Roots?")
