LIC Housing Fin raises over Rs 2,335 cr by issuing preference shares to LIC

New Delhi: 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.

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.

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Shares of LIC Housing Finance closed flat at Rs 418.50 apiece on BSE.

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