Marque investors likely to sell 6.7% in LIC Housing Finance

Some large investors may sell about 6.7% shares of LIC Housing Finance, according to a term sheet. The price range of the transaction can be between Rs 425.15 – 449.50 per share. About 3.3 crore share are offered through accelerated book build route, according to the term sheet. The names of the sellers are not ascertained immediately. Fidelity Investment Trust held 3.41% in the housing finance company as on June 30, 2019 while Bank of Muscat India Fund and Government Pension Fund Global held 2.28% and 1.83%, respectively.