Dividend Paying Stock: LIC-Backed NBFC Stock In Focus This Week On Fundraising Plan; Do You Own?

India's largest life insurance policy company, LIC-backed NBFC stock LIC Housing Finance will be in focus in the trading week from March 4 to 8th.

LIC Housing said in its filing, the Meeting of the Board of Directors of the Company to be held on Thursday, 7th March, 2024 at 11:30 A.m. , to inter-alia for the following purposes:

To consider, approve and Borrowing budget for Financial Year 2024-2025 through Loans and/ or Issue of Redeemable Non-Convertible Debentures / Zero Couponed Bonds/ Subordinate Debt / Upper Tier II Bonds / Commercial Paper / External Commercial Borrowing/ Bonds/Foreign Currency Bond/ Securitization by private placement/Public Issue, Refinance from NHB in one or more tranches, Deposits from Public, Corporate, trusts etc.