LIC Housing Finance raising up to $136 mn

Indian mortgage lender LIC Housing Finance is raising up to $136 million through a share sale to institutional investors at a discount of 1.9% to 3.4% to its Tuesday closing price.
The company was selling 10 million shares in a QIP offering at 650 to 660 rupees each in a deal handled by Citigroup, Enam Securities, Kotak Securities, and Nomura.
LIC Housing shares rose 1.92% on Tuesday to close at 673 rupees.