LIC acquires additional 2% stake in Indiabulls Housing Finance

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

LIC acquires additional 2% stake 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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Updated: Sat, Feb 10, 2018
03:46 PM IST
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