LIC Housing Finance’s parent organization hikes stake in Union Bank of India

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

22 May 2021 Evaluate

LIC Housing Finance’s parent organization -- Life Insurance Corporation (LIC) has acquired additional 2% stake in Union Bank of India. LIC held 3.09% stake in Union Bank of India earlier, representing 19,79,23,251 equity shares of the bank. It has now increased to 5.06% (34,57,64,764 shares).

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
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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.