Broker’s call: LIC Housing (Buy)

brokers call lic housing buy

Sumary of Broker’s call: LIC Housing (Buy):

  • LIC Housing Finance (LICHF) will consider an equity fund raise via preferential allotment at its ensuing board meeting on ]June 15..
  • Our estimates suggest that this equity infusion could be priced at ₹420 per share and may range from ₹4,000-4,500 crore which would shore up tier-1 ratio to 15 per cent (currently 13 per cent)..
  • Similar to the previous preferential equity issue in FY12 of ₹810 crore, subscribed entirely by LIC of India, we expect the whole issue to be allotted to LIC of India, which would raise its stake from 40.3 per cent to 46 per cent….

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