Latest News | LIC Housing Fin Raises over Rs 2,335 Cr by Issuing Preference Shares to LIC
Get latest articles and stories on Latest News at LatestLY. LIC Housing Finance on Thursday said it has allotted over 4.5 crore preference shares to promoter LIC for over Rs 2,335.5 crore.
New Delhi, Sep 9 (PTI) LIC Housing Finance on Thursday said it has allotted over 4.5 crore preference shares to promoter LIC for over Rs 2,335.5 crore.
The company has allotted 4,54,00,000 equity shares on a preferential basis to Life Insurance Corporation of India (LIC), the housing finance firm said in a regulatory filing.
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LIC has subscribed the shares for Rs 23,35,51,22,000, it added.
The shares were allotted at Rs 514.43 per piece on September 8, 2021, it added.
Shares of LIC Housing Finance closed flat at Rs 418.50 apiece on BSE.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)