LIC acquires additional 2% stake in Indiabulls Housing Finance

Written By: ZeeBiz WebTeam ZeeBiz WebDesk Updated on: February 10, 2018, 03.46 PM IST

With this deal, LIC will now hold 9.33% share in Indiabulls Housing Finance

Life Insurance Corporation of India (LIC) has bought an additional 2% stake in Indiabulls Housing Finance in an open market transaction.

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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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