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This is an archive article published on December 30, 2010

LIC Housing Finance OK’s stock split

LIC Housing Finance shareholders have approved a stock split at a ratio of 1:5.

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LIC Housing Finance mortgage arm of the nation’s largest insurer LIC said shareholders have approved a stock split at a ratio of 1:5 as part of its plan to improve liquidity in his bag. As per decision taken by a postal ballot LIC Housing Finance shares of Rs 10 face value each will be divided into five shares of RS 2 each with LIC Housing Finance informed the Bombay Stock Exchange.

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