LIC acquires additional 2% stake in Indiabulls Housing Finance
With this deal, LIC will now hold 9.33% share in Indiabulls Housing Finance
After the acquisition, the insurer has 3,97,97,324 shares in the company. Image source: PTI
Life Insurance Corporation of India (LIC) has bought an additional 2% stake in Indiabulls Housing Finance in an open market transaction.
LIC has now acquired an additional 2.11% stake in the latter company, taking the total shareholding to 9.33%, Indiabulls Housing Finance said in a BSE filing.
After the acquisition, the insurer has 3,97,97,324 shares in the company.
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