LIC Housing Finance allots 3 crore equity shares on preferential basis to LIC

Pursuant to shareholders approval passed in the Extra Ordinary General Meeting held on March 05, 2012, the Preferential Issue Committee of LIC Housing Finance Ltd duly authorised by the shareholders allotted at its meeting held on March 13, 2012, 3,00,00,000 (three crore only) equity shares of face value of Rs. 2/- each at a premium of Rs. 268/- per share to LIC of India, promoter of the Company on preferential basis.

The LIC Housing Finance Ltd stock closed the day at Rs.268.95, up by Rs.13.70 or 5.37%. The stock hit an intraday high of Rs.276.10 and low of Rs.255.35.

The total traded quantity was 168.41 lakhs compared to 2 week average of 10.32 lakhs.

Source : Equity Bulls

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