Bourses examining preferential share issue to parent: LIC Housing Finance

In June this year, LIC Housing Finance had informed that LIC will infuse equity capital of about Rs 2,334.70 crore in the subsidiary by picking up an additional stake. LIC Housing Finance (LIC HFL) fixed the issue price for the shares at Rs 514.25 apiece to its promoter Life Insurance Corporation of India (LIC) on a preferential basis.

via Economictimes