LIC Housing Finance Ltd
NSE: LICHSGFIN BSE: 500253
₹533.20
-1.80 (0.34%)
Sat, 24 Oct 2026, 00:39 pm
Market Cap (in Cr)29648.4
PE Ratio5.11
Dividend1.86
Finance
Finance/Rental/Leasing
24.5KLIC Housing Finance Ltd Company History
1989
- The Company was incorporated on 19th June as a public limited company.
- The Company started various schemes: Griha Prakash, Griha Tara, Griha Shobha and Griha Lakshmi.
1994
- 3,00,57,900 No. of equity shares were issued at a premium of Rs 50 per share through public issue.
1996
- The Company decided to carry out fund based and one-fund based activities.
2000
- Crisil assigned a AAA rating to the issue of mortgage backed pass through certificate backed by mortgages originated by the company.
2001
- The Company launched its new scheme, 'Griha Vikas'.
2002
- LIC Housing Finance forfeited 1,25,300 equity shares due to non payment of allotment/call monies.
- LIC Housing Finance approved for the take over of Individual Housing loan portfolio of GLFL Housing Finance.
- Around 25 investors subscribed to the issue of confidentially placed debentures for a total amount of Rs.392 cr.
- LIC Housing Finance decreased its interest rates on housing loans by 25-50 basis points.
- Financial Institutions increased their stake from 0.01% to 1.96% and Mutual Fund companies increased their stake from 0.35% to 1.06%.
- LIC Housing Finance decreased the floating rate of interest under individual loan scheme to 9.5% from 11%.
- LIC Housing Finance signed a deed of assignment to take over individual housing loan portfolio of Citibank N A.
- UTI and IFCI were removed from the list of promoters of LIC Housing Finance.
2003
- LIC Housing Finance unveiled a new project for elderly people called 'LIC HFL Care Homes'.
- LIC Housing Finance sanctioned 84,126 loans worth Rs.3265.78cr and disbursed 76,663 loans worth Rs.2941.24cr under its Individual Loan Scheme.
- LICHFL mobilised Rs.280cr for 15 years at 7% rate of interest through private placement.
- LIC Housing Finance's shares delisted from The Stock Exchange - Ahmedabad.
2004
- Merill Lynch Capital acquires LIC housing stake of 0.39%.
- Templeton Asset Management buys 37,52,362 equity shares.
- LIC Housing Finance delisted from the Delhi Stock Exchange.
- LIC Housing Finance shares delisted from Madras Stock Exchange.
- Mr D Krishnan appointed as Chief Executive Officer.
- LIC Housing Finance's one-crore global depository receipts issue opened.
- Lists its maiden global offerings worth $29.85 million at the Luxembourg Stock Exchange.
- Introduces new product that starts as a fixed rate loan but contains an option to convert it to a floating rate loan.
2005
- LIC Housing Finance delisted from The Calcutta Stock Exchange Association Ltd.
- LIC Housing Finance launches loan product that eliminates the requirement of charge on house financed.
- Goldman Sachs acquires share in LICHF.
2007
- LIC Housing Finance to launch FD scheme.
- LIC Housing Finance to enter into reverse mortgage product.
2008
- Shri. D K Mehrotra was appointed as Managing Director.
- Shri A S Narayanamoorthy was appointed as Additional Director.
- LIC Housing Finance launches Reverse Mortgage for senior citizens.
2009
- LIC Housing Finance cut interest rates for new loans by 0.5%.
2010
- The Company applied for a license with the Pension Fund Regulatory Development Authority to act as Aggregator under the National Pension System.
- LIC Housing Finance decided to unveil a private equity fund focussed on real estate development projects.
- LIC Housing Finance approved a stock split in the ratio of 1:5.
- Company split its Face value of Shares from Rs 10 to Rs 2.
2011
- Dinesh Kumar Mehrotra was appointed interim Chairman.
2012
- LIC Housing Finance has begun the process of raising funds through Qualified Institutional Placements.
2013
- LIC Housing Finance has recommended a dividend of Rs. 3.80 per equity share of Rs. 2/- each.
2014
- LIC Housing Finance has recommended a dividend of Rs. 4.50 per equity share of Rs. 2/- each.
2017
- LIC Housing Finance launches new home loan product.
