LIC Housing Finance Ltd fixes price of Rs. 514.25 for preferential allotment to LIC

The Board of directors of LIC Housing Finance Ltd at its meeting on June 15, 2021 had approved preferential allotment of upto 4,54,00,000 equity shares of Re.2/- (Indian Rupees Two only) face value ("Shares") through Private Placement basis, to the investor namely Life Insurance Corporation of India, whose shareholding in the Company subsequent to the proposed preferential allotment of shares, as mentioned above, would be 45.24% as against the pre-issue shareholding of 40.313%.

The issue price of the Equity shares of a face value Rs. 2/- each shall be Rs. 514.25/- (Rupees five hundred and fourteen and twenty five paisa), which is the price calculated as per regulation SEBI regulations.

Shares of LIC HOUSING FINANCE LTD. was last trading in BSE at Rs.457.75 as compared to the previous close of Rs. 464.75. The total number of shares traded during the day was 203146 in over 3864 trades.

The stock hit an intraday high of Rs. 468.4 and intraday low of 456.7. The net turnover during the day was Rs. 94197230.

Source : Equity Bulls

Keywords