Corporate News     28-Jul-23
Board of Indiabulls Housing Finance approves appointment of nominee director
At meeting held on 28 July 2023
The Board of Indiabulls Housing Finance at its meeting held on 28 July 2023 has approved the appointment of Rajiv Gupta (DIN: 08532421), Director & Chief Executive Officer of LICHFL Asset Management Company, as Life Insurance Corporation of India (LIC) Nominee Director, on the Board of the Company.

LIC is presently the largest bond holder of the Company holding Rs 9,550 crore [approx. USD 1.16 billion] of the bonds outstanding. LIC is also the largest institutional shareholder of the Company with 8.44% holding as on 30 June 2023.

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