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LIC Housing Finance gains on executing debt settlement agreement with DB Realty

18 Oct 2017 Evaluate

LIC Housing Finance is currently trading at Rs. 671.00, up by 1.45 points or 0.22% from its previous closing of Rs. 669.55 on the BSE.

The scrip opened at Rs. 666.00 and has touched a high and low of Rs. 673.25 and Rs. 663.50 respectively. So far 35453 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 794.10 on 20-Jun-2017 and a 52 week low of Rs. 470.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 673.50 and Rs. 635.00 respectively. The current market cap of the company is Rs. 33736.72 crore.

The promoters holding in the company stood at 40.31%, while Institutions and Non-Institutions held 47.40% and 12.29% respectively.

LIC Housing Finance 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Pursuant thereto, LIC has on October 16, 2017 withdrawn the application made by it in the National Company Law Tribunal (NCLT) Mumbai against DBR and the said application by LIC therefore stands disposed off as withdrawn.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.

 

LIC Housing Finance Share Price

536.95 -3.10 (-0.57%)
20-Apr-2026 16:59 View Price Chart
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