LIC Housing Finance Limited
Nippon India Mutual Fund reduced its stake in LIC Housing Finance from 1.61% to 1.43%, selling 10,27,360 shares. After the transaction, the fund holds 78,55,095 shares in the company.
A housing finance company registered with the National Housing Bank, LIC Housing Finance provides loans for residential property purchase and construction to individuals and developers. The company also offers project financing to developers, loans against property, lease rental discounting for commercial properties, and financing for commercial shop and showroom purchases. It serves India's real estate market across multiple segments and borrower categories.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.