LIC Housing Finance said that V.K. Sharma has resigned as Chairman of LIC Housing from December 31, 2018, after superannuation from the services of LIC.
“I shall be laying down office as Chairman of Life Insurance Corporation of India today. I, therefore, tender my resignation from the Board of Directors of the Company with immediate effect. I take this opportunity to thank you and Members of the Board for all the kindness and consideration shown to me during my tenure on the board,” - the company said in a regulative filing.
The government has appointed Hemant Bhargava, Managing Director, Life Insurance Corporation of India, for Chairmanship, as per media reports.
On Monday, shares of LIC Housing Finance Ltd ended at Rs486.40 down by Rs2.1 or 0.43% from its previous closing of Rs488.50 on the BSE.
The scrip opened at Rs489.45 and touched a high and low of Rs490.45 and Rs482.75 respectively.
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