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The latest announcement is out from GIC Housing Finance Limited ( (IN:GICHSGFIN) ).
GIC Housing Finance Limited’s Board of Directors has approved the issuance of Secured, Listed, Rated, Redeemable, Taxable, Non-Convertible Debentures (NCDs) to raise funds. This move, involving a private placement of NCDs worth Rs. 200 Crores, including a Green Shoe option of Rs. 100 Crores, is aimed at strengthening the company’s financial position and enhancing its market offerings. The debentures will be listed on BSE Limited, with a tenure of 845 days and a coupon rate of 7.65% per annum, secured by a first-ranking charge over the company’s book debts and loan receivables.
More about GIC Housing Finance Limited
GIC Housing Finance Limited operates in the financial services industry, primarily focusing on providing housing finance solutions. The company offers a range of products including loans for home purchase, construction, and renovation, catering to individual home buyers and real estate developers.
Average Trading Volume: 4,706
Technical Sentiment Signal: Sell
Current Market Cap: 9.48B INR
See more data about GICHSGFIN stock on TipRanks’ Stock Analysis page.