Is it a private limited company?

This query is : Resolved

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

Aditya Maheshwari

Aditya Maheshwari (Expert)
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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
http://www.bseindia.com/shareholding/shareholdingPattern_60.asp?scripcd=500253&qtrid=67.00

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

Ajay Mishra

Ajay Mishra (Expert)
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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