Nomura has proposed to divest its 35% shareholding in LIC Nomura Mutual Fund AMC and in LIC Nomura Mutual Fund Trustee Company Private Limited. Further, Housing Finance Limited, Corporation Bank and GIC Housing Finance Limited have agreed to invest to the extent of 35% of the paid up equity share in the AMC and the Trustee Company.
Consequent to the change in the shareholding pattern:
The exit option period will be available to the investors from March 8, 2016 to April 7, 2016.
