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Coimbatore, Jan. 20

LIC Housing Finance Ltd has decided to make preferential offer of 84 lakh shares to two institutions. The company will be making a preferential allotment of equity shares of Rs 10 each at a premium of Rs 400 per share to First Gulf Bank (50,00,000 equity shares) and LIC of India (34,00,000 equity shares). In a communication to the BSE, it said that the board of directors has called for an EGM of the members on February 14 to approve the decision.

— Our Bureau

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LIC Housing to make pref offer

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