MoneyWorks4Me

LIC hikes stake in Indiabulls Housing Finance to 7.23%

16 Nov 2017 Evaluate

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).


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