LIC Housing Finance executes debt settlement agreement with DB Realty

LIC Housing Finance Ltd. | Finance - Housing | BFSI | BSE: 500253 | NSE: LICHSGFIN

18 Oct 2017 Evaluate

LIC Housing Finance (LIC) and DB Realty (DBR) have arrived at a settlement and have executed a debt settlement agreement dated October 16, 2017.

Pursuant thereto, LIC has on October 16, 2017 withdrawn the application made by it in the National Company Law Tribunal (NCLT) Mumbai against DBR and the said application by LIC therefore stands disposed off as withdrawn. In view thereof there are no bankruptcy proceedings pending against DB Realty.

LIC Housing Finance is one of the largest Housing Finance Company in India. The main objective of the company is providing long term finance to individuals for purchase or construction of house or flat for residential purpose / repair and renovation of existing flat / houses.

Peers

Company Name	CMP
LIC Housing Finance	548.90
Housing & Urban Dev.	175.15
Piramal Finance	2293.65
Bajaj Housing Fin.	85.49
PNB Housing Finance	1128.00
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.