LIC Housing Finance to raise Rs 500 cr via FPO

Leading Housing Finance Company of India,LIC Housing Finance is planning to raise Rs 500 crore through an FPO (Follow on Public Issue).

The management of LIC Housing Finance in an news release has confirmed this Follow on Public issue and they have also said that the company is planning Private Placement ahead of the FPO.

The company is in talks with the promoters of the company to dilute the share capital.

Shares of LIC Housing Finance today closed at Rs 226.45 up 4.5% on the NSE.