LIC buys additional 2 pc stake in Indiabulls Housing Finance

Image
Press Trust of India New Delhi
Last Updated : Feb 10 2018 | 3:35 PM IST
Life Insurance Corporation of India (LIC) has acquired an additional 2 per cent stake of Indiabulls Housing Finance in an open market transaction.
The insurer had 7.23 per cent stake in the company and has now acquired an additional 2.11 per cent stake, taking the total shareholding to 9.33 per cent, Indiabulls Housing Finance said in a BSE filing.
Post acquisition, LIC has 3,97,97,324 shares in the company.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 10 2018 | 3:35 PM IST

Next Story