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.

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....

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