LIC Housing Finance fixes issue price for proposed preferential allotment of shares to LIC

Issue price shall be Rs 514.25

LIC Housing Finance announced that the issue price of equity shares of face value of Rs 2 each shall be Rs 514.25 for the proposed preferential allotment of up to 4.54 crore equity shares through private placement basis to Life Insurance Corporation of India (LIC). Post allotment of shares, LIC's stake in the company would increase from 40.313% to 45.24%.

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