LIC to Acquire Up to 10% Equity Stake in NHB-Backed 'RMBS' Venture

LIC to Acquire Up to 10% Equity Stake in NHB-Backed 'RMBS' Venture

Daily Current Affairs   /   LIC to Acquire Up to 10% Equity Stake in NHB-Backed 'RMBS' Venture

Change Language English Hindi

Category : Business and economics Published on: January 12 2024

Share on facebook
  • LIC's board has given the nod to acquire up to a 10% stake in a company supported by the National Housing Bank (NHB), specializing in residential mortgage-backed securities (RMBS).
  • This strategic investment is part of LIC's broader financial initiatives and is approved for implementation through equity contributions in one or more installments.
  • LIC already has a housing finance subsidiary, LIC Housing Finance Ltd, established in 1994 and publicly listed on both the NSE and BSE.
  • This move reflects LIC's continued interest and engagement in the housing finance sector, contributing to its diversified financial portfolio.
Recent Post's
  • Youth Affairs and Sports Minister Dr. Mansukh Mandaviya inaugurated the Fit India Carnival in New Delhi, emphasizing sports as a key part of India's development.

    Read More....
  • The Reserve Bank of India (RBI) has been selected for the Digital Transformation Award 2025 by Central Banking, London.

    Read More....
  • Mumbai Indians won their second Women's Premier League title by defeating Delhi Capitals by 8 runs in the 2025 final.

    Read More....
  • India won 2 gold, 2 silver, and 1 bronze on the second day of the Special Olympics World Winter Games, taking the total medal count to 9.

    Read More....
  • SCO defense officials will meet in Qingdao, China, on March 26-27 to discuss future security cooperation.

    Read More....
  • Google releases Gemma 3, its most advanced compact AI model.

    Read More....
  • MRF’s Arun Mammen elected as the new chairman of the Automotive Tyre Manufacturers’ Association.

    Read More....
  • Department of Posts signed an MoU with FSID, IISc Bengaluru, for Digital Address DPI technology architecture.

    Read More....
  • Prime Minister Narendra Modi will inaugurate the 10th edition of the Raisina Dialogue 2025 in New Delhi on March 17, 2025.

    Read More....
  • Renowned Odia poet Padma Bhushan Ramakanta Rath passes away.

    Read More....