GIC Housing Finance has decided to acquire up to 16% stake in LIC Nomura Mutual Fund Asset Management Company for Rs 22.68 crore. Furthermore, a similar stake will be bought by the company in LIC Nomura Mutual Fund Trustee Company for Rs 1.26 lakh. The board of company at its meeting held on December 29, 2015 has approved for the same.
GIC Housing Finance offers loans on fixed and floating basis. Apart from this, it is having Flexi- Fixed, Step Up/ Step Down schemes and mortgage loans.