Submit Your Plan
You are here: Home » News » LIC Housing Finance raises Rs 250 crore for real estate private equity fund

LIC Housing Finance raises Rs 250 crore for real estate private equity fund

Posted by: Vishal Saxena on May 12, 2012 in News Leave a comment

The mortgage unit of India’s biggest insurer, Life Insurance Corporation (LIC), LIC Housing Finance Ltd has achieved a first close of Rs 250 crore for its maiden real estate private equity fund, which was launched last year as reported by ET.

 
The fund has a target size of Rs 500 crore, with a green shoe option of Rs 250 crore. This provision will allow LIC Housing Finance Asset Management Company, the manager of the fund, to sell more units than planned.

 

About Vishal Saxena

Vishal Saxena is a Chartered Accountant by profession and has completed his masters in business administration and is a law graduate too. He founded www.venturefinance.in with an objective of encouraging entrepreneurship in our country. Being a writer at heart he meets various entrepreneurs and pens down their journey to success in the form of a story. He takes interviews of various investors to know their expectations from the entrepreneurs.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

2012 © Copyright. Venture Finance | Website Designed & Developed by Matrix Bricks Infotech