Monday, June 15, 2009

LIC housing to offload stocks

LIC Housing Finance Limited (LICHFL) today decided to offload partially its holding in LICMF Asset Management Company and LICMF Trustee Company to raise around Rs 138 crore.

The company informed the BSE that it would off load 1730 shares out of 3500 shares of Rs 10,000 each of LICMF AMC and 2000 shares of 3600 shares of Rs ten each of LICMF Trustee company.

The Board also decided to offload the full holding of 1200 shares of LICMF Trustee Company held by its 100 per cent subsidiary LICHFL Care Homes.

The sale was subject to regulatory approval and other necessry consent from the parties included in the transaction, the company said.

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