Large investors may sell 6.7% in LIC Housing Finance
The name of the sellers are not ascertained immediately.
Aug 22, 2019, 07.35 AM IST
MUMBAI: Some marque investors are likely to sell about 6.7 per cent shares of LIC Housing Finance on Thursday, according to a term sheet seen by ET. The transaction will happen in the price range Rs 425.15 – 449.50 per share, a discount of 3-8 per cent to Wednesday’s closing price. About 3.3 crore share are offered through accelerated book build route, according to the term sheet. The name of the sellers are not ascertained immediately. Fidelity Investment Trust held 3.41 per cent in the housing finance company as on June 30, 2019 while Bank of Muscat India Fund and Government Pension Fund Global held 2.28 per cent and 1.83 per cent, respectively.
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