LIC Housing Finance to seek shareholders' approval to raise up to Rs 50,500 crore
3rd Sep 2020

LIC Housing Finance is going to seek shareholders' approval in the upcoming annual general meeting this month to raise up to Rs 50,500 crore by issuing debt securities or other hybrid instruments on a private placement basis. The company's annual general meeting (AGM) is scheduled to take place through video conference and other audio-visual means on September 28, 2020, in compliance with COVID-19 related regulations.

LIC Housing Finance is one of the largest Housing Finance Company in India. The main objective of the company is providing long term finance to individuals for purchase or construction of house or flat for residential purpose / repair and renovation of existing flat / houses.