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.

Russian tennis player Daniil Savelev accepts a 2-year doping suspension after testing positive for Meldonium in July 2024.
Read More....
India's first bio-bitumen-based national highway stretch inaugurated on NH-44 in Mansar, Nagpur, promoting sustainable road construction.
Read More....
India ranks 49th in the Network Readiness Index 2024, reflecting its progress in digital infrastructure and connectivity.
Read More....
AIM & UNDP launch Youth Co:Lab 2025, inviting innovators to promote social entrepreneurship with a focus on disability-inclusive innovation.
Read More....
Jaishankar honored with the 'Sri Chandrasekarendra Saraswathi' award for leadership.
Read More....
Government launches Jago Grahak Jago App, Jagriti App, and Jagriti Dashboard on National Consumer Day to combat online frauds and forgeries.
Read More....
Sahu Tushar Mane wins gold in 10m air rifle event at the 67th National Shooting Championships.
Read More....
India's Sairaj Pardeshi wins one gold and two silver medals at the Asia Youth and Junior Weightlifting Championships 2024.
Read More....
Manipur and Uttar Pradesh sign MoU for 'Ek Bharat Shrestha Bharat' programme.
Read More....
The 11th Summit of the D-8 Economic Cooperation Organization was held on 19 December 2024 in Cairo, Egypt, with participation from Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey.
Read More....

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