LIC Housing declares 50 pc dividend

LIC Housing Finance Ltd has declared 50 per cent dividend for the financial year 2004-05.

LIC Housing Finance Ltd has declared 50 per cent dividend for the financial year 2004-05.

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The shareholders at the AGM held on August 11, have authorised the board to borrow from time to time as the need may arise upto an amount of Rs 25,000 crore, LIC Housing informed the Bombay Stock Exchange.

The AGM has approved appointment of K Sridhar as Managing Director of the Company for a period from December 22, 2004 to January 31, 2006, it said.

It has also approved appointment of S Ravi and K Narasimha Murthy, as directors of the company, liable to retire by rotation, it added.