LIC to pick up 10% stake in NHB-promoted company
In a regulatory filing, LIC said the board has cleared the proposal to invest in a new company, promoted by the NHB, for residential mortgage-backed securities, through equity contribution up to 10 per cent of the share capital.
![LIC to pick up 10% stake in NHB-promoted company](https://cdn.zeebiz.com/sites/default/files/2024/01/08/275543-6gexjoah7zjmnn7uyhw34pfdn4-1.jpg?im=FitAndFill=(1200,900))
The investment is to be made in one or more tranches, it added. Details about the company were not disclosed. Image Courtesy: Reuters.