• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Realasset Realasset
moneycontrol.com

Home » News » Business

Jan 12, 2012, 06.52 PM | Source: Moneycontrol.com

LICHFL Asset Management plans to raise Rs 500 cr

LICHFL asset management company, a subsidiary of LIC Housing Finance plans to raise Rs 500 crore of capital for its first fund christened as LICHFL Urban Development Fund.

Like this story, share it with millions of investors on M3

LICHFL Asset Management plans to raise Rs 500 cr

LICHFL asset management company, a subsidiary of LIC Housing Finance plans to raise Rs 500 crore of capital for its first fund christened as LICHFL Urban Development Fund.

Post Your Comments

Share Cancel

LICHFL Asset Management plans to raise Rs 500 cr
Moneycontrol Bureau

LICHFL asset management company, a subsidiary of LIC Housing Finance plans to raise Rs 500 crore of capital for its first fund christened as LICHFL Urban Development Fund.

“The fund will make investments in companies involved in development of mid income affordable housing, income yielding micro infrastructure assets including Industrial & IT Parks, SEZ, other allied segments through equity & equity-related instruments,” said a release issued by the company.

“Looking at the increasing need for equity for successful financial closure of projects, the LIC Group has ventured into the private equity space with its maiden offering, the ‘LICHFL Urban Development Fund’.  Our AMC arm intends to follow with a series of other funds to cater the needs of increasing urbanization in the fast growing economy,” said AK Sharma, Chief Executive Officer, LICHFL AMC.

The fund aims to achieve balanced returns by inbvesting in a diversified portfolio, both geographically and by asset class.  It will invest with known promoters with good track record and will create incentive for JV partners by linking part of the profit share with performance, thereby aligning interest with investors. Investments will be in locations which have identified drivers of economic growth and adequate depth by way of demand.

saikat.das@network18online.com

LIC Housing Fin stock price

On February 05, 2016, LIC Housing Finance closed at Rs 446.30, up Rs 8.65, or 1.98 percent. The 52-week high of the share was Rs 526.00 and the 52-week low was Rs 389.35.


The company's trailing 12-month (TTM) EPS was at Rs 31.53 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 14.15. The latest book value of the company is Rs 154.92 per share. At current value, the price-to-book value of the company is 2.88.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
LICHFL Asset Management plans to raise Rs 500 cr

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login