Country’s largest insurer, Life Insurance Corporation (LIC) has hiked its stake in Indiabulls Housing Finance by 2.03% by buying 86.75 lakh shares in the open market. LIC, which had 5.19% stake earlier, increased its shareholding in the company to 7.23% by buying shares between September 28 and November 13, 2017.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).