Mortgage lender LIC Housing Finance today said it plans to raise up to Rs 660 crore through sale of 10 million shares to institutional investors.
"We are selling 10 million shares at a price band of Rs 650-660," LIC Housing Finance Director and Chief Executive R R Nair told PTI here.
The actual collection would depend on the bidding price, he said.
The sale will be managed by Citigroup, Enam Securities, Kotak Mahindra and Nomura, he said.
The shares of LIC Housing Finance closed at Rs 673 today on the Bombay Stock Exchange (BSE).
