LIC Housing raises Rs 180 crore through preferential offer

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LIC Housing raises Rs 180 crore through preferential offer
LIC Housing Finance, India's largest housing finance company has raised Rs 180 crore through a prefrential offer.

The company has allotted three crore equity shares of face value of Rs. 2/- each at a premium of Rs. 268/- per share to LIC of India.

The funds augmented would enable the company improve its capital adequacy ratio. A ratio that measures the strength/health of the bank.

LIC Housing Finance reported a net profit of Rs 305.69 in QE3 crore when compared to Rs 213.49 crore in the corresponding period of the previous year.

Individual Loan disbursement stood at Rs 4568 crore up by 8%.

Shares of the company on Thursday were trading lower by Rs 4.35 at Rs 264.60.

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