Change in shareholding of LIC Nomura Mutual Fund | Value Research Nomura has proposed to divest its 35% shareholding in LIC Nomura Mutual Fund AMC and in LIC Nomura M

Best Funds for 2023: Handpicked Mutual Funds to build a winning portfolio.
(₹1,499 ₹999)

Buy Now Buy Now right-arrow
Fund News

Change in shareholding of LIC Nomura Mutual Fund

change-in-shareholding-of-lic-nomura-mutual-fund

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:

  1. The Mutual Fund will be renamed as "LIC Mutual Fund"
  2. The AMC will be renamed as "LIC Mutual Fund Asset Management Company Limited"
  3. The Trustee Company will be renamed as "LIC Mutual Fund Trustee Company Private Limited"
  4. The names of each of the schemes of the fund which currently are prefixed with "LIC Nomura MF" will be prefixed with "LIC MF", and
  5. LIC will continue to be the sole sponsor of the Mutual Fund.

The exit option period will be available to the investors from March 8, 2016 to April 7, 2016.


Other Categories