LIC Housing Finance to seek EGM approval for preferential issue

LIC Housing Finance Ltd has announced that the Board of Directors of the Company at its meeting held on January 18, 2008, has decided to convene Extra Ordinary General Meeting of the members of the Company on February 14, 2008 for the purpose of approval of allotment of equity shares of Rs 10/- each at a premium of Rs 400/- each on preferential basis.

The investors to whom the shares will be allotted are First Gulf Bank: 50,00,000 equity shares, LIC of India: 34,00,000 equity shares

Source : Equity Bulls

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