LIC Housing Finance to float Rs 500 crore VC fund in 2-3 months

NEW DELHI: LIC Housing Finance, subsidiary of life insurance giant LIC, today said it will float Rs 500 crore real estate venture capital fund within 2-3 months.

"We have plan for Rs 500 crore (real estate venture capital fund). It is in final stage. It should happen in 2-3 months," LIC Housing Finance Chief Executive V K Sharma said here.

"We have got all regulatory approvals for floating the fund," Sharma added.

The company has held road shows for raising money from domestic institutions and high networth individuals, he said.

Source: EconomicTimes