Post-the allotment, LIC's stake in the company increased to 45.24 percent as against the pre-issue shareholding of 40.31 percent.
Post-the allotment, LIC's stake in the company increased to 45.24 percent as against the pre-issue shareholding of 40.31 percent.
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LIC Housing Finance plans to raise about Rs 2,334.69 crore through preferential issue of equity shares to Life Insurance Corporation of India (LIC).

In a regulatory filing, the housing finance company said that it will issue 4.54 crore equity shares to LIC at Rs 514.25 per share.

Post-the allotment, LIC's stake in the company increased to 45.24 percent as against the pre-issue shareholding of 40.31 percent.

The company will seek the shareholders' nod for the proposed preferential allotment of shares during its Extraordinary General Meeting on July 19, said another regulatory filing.

Stock price of LIC Housing Finance rose on Friday on the back of the announcement of equity capital coming in.

Around 2.26 PM., shares of the company on the BSE were trading at Rs 468.20, higher by Rs 10.55 or 2.31 percent from its previous close.

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