Is it a private limited company?

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Querist : Anonymous

Querist : Anonymous (Querist)

16 October 2010 "LIC HOUSING FINANCE LTD" is subsidiary company of LIC but can it can be said that it is a private company?

thanks

Aditya Maheshwari

Aditya Maheshwari (Expert)

16 October 2010 No as it is a listed limited company.

Aditya Maheshwari

Aditya Maheshwari (Expert)

16 October 2010 Also LIC holds only 36.54% of LIC housing finance and so it is not a subsidiary of LIC.

For details of shareholding visit this link
https://www.bseindia.com/shareholding/shareholdingPattern_60.asp?scripcd=500253&qtrid=67.00

Querist : Anonymous

Querist : Anonymous (Querist)

16 October 2010 thanks sir
but how it cannot be treated as subsidiary company of LIC although LIC holds only 36.5% stake in LICHFL.

Aditya Maheshwari

Aditya Maheshwari (Expert)

16 October 2010 for susidiary more than 50% holding is required.

Ajay Mishra

Ajay Mishra (Expert)

18 October 2010 Hi

For Private company the word "private" should be affixed before limited in the name of the company, except in case of d=section 25 company.

So, LIC Housing Finance Limited is a limited company and not a private limited company.

Regards

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