LIC Housing raises Rs 810 crore

LIC Housing Finance on Wednesday said it has raised Rs 810 crore by issuing preference shares to its promoter, LIC. Three crore equity shares of face value of Rs 2 each at a premium of Rs 268 per share were issued to LIC on preferential basis, LIC Housing Finance said in a filing on the Bombay Stock Exchange. The fund infusion would help raise capital adequacy ratio.