LIC Housing waiting for bourses' nod for Rs 2,334-cr preferential issue

BSE and NSE sought clarifications on why the valuation report of a registered value had not been considered while determining the price of such shares on allotment to LIC. "Only the stock exchanges had raised queries and we have responded and are waiting for their feedback. The bourses had asked us not to release the voting results on this agenda which we have abided by. There is no query from SEBI so far and we have not approached SAT in this regard," sources told PTI.

from Markets-Economic Times https://ift.tt/2WMm0Wp