LIC Housing Finance today said it has raised Rs 810 crore by issuing preference shares to its promoter, LIC.
Three crore equity shares of face value of Rs 2 each at a premium of Rs 268 per share were issued to LIC on preferential basis, LIC Housing Finance said in a filing on the Bombay Stock Exchange (BSE).
The fund infusion would help raise capital adequacy ratio.
Tier-I capital adequacy of the housing finance company stood at 8.6% as on December 31, 2011.
LIC Housing Finance had reported a 43.2% rise in net profit at Rs 305.69 crore for the third quarter ended December 31, 2011.
On a nine-month basis, net profit was flat at Rs 660.59 crore against Rs 659.72 crore a year ago.
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During third quarter ended December 31, 2011, LIC Housing Finance sanctioned individual loans worth Rs 6,009 crore, higher than Rs 5,302 crore in the corresponding period a year ago.
Besides it disbursed individual loans worth Rs 4,568 crore during the three month period, up from Rs 4,215 crore in the corresponding period of the previous year.
Shares of LIC Housing ended the day at Rs 268.95, up 5.37% over the previous close on the BSE.