LIC Housing Finance has approached the Securities Appellate Tribunal (SAT) with regard to the company's proposal of allotting over 4.5 crore preferential shares to the parent company LIC.
The company has been asked to explain how it arrived at the decision to fix the issue price for the preference shares at Rs 514.25 apiece for allotting 4,54,00,000 equity shares to LIC.
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.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 540.05 |
| Housing & Urban Dev. | 197.00 |
| Bajaj Housing Financ | 91.83 |
| Piramal Finance | 1673.65 |
| PNB Housing Finance | 924.40 |
| View more.. | |
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