GIC Housing Finance allots Non-Convertible Debentures worth ₹400 Crore via private placement
The fundraising of ₹400 crore will enhance the company's liquidity and support its lending activities, potentially contributing to business expansion.
The successful allotment of Non-Convertible Debentures indicates the company's ability to raise capital, which is positive for its financial operations and future growth.
GIC Housing Finance Limited (GICHSGFIN) announced the allotment of Non-Convertible Debentures (NCDs) aggregating to ₹400 crore on a private placement basis on July 24, 2025. The allotment was made pursuant to the Board's resolution dated May 16, 2025.
Details of the allotment include: * Series 9 - Option 1: ₹200 crore at 7.49% p.a. fixed interest, allotted to ICICI Bank Ltd., Reliance General Insurance Company Ltd., and PGIM India Ultra Short Duration Fund. * Series 9 - Option 2: ₹200 crore (including a green shoe option up to ₹100 crore) at 7.59% p.a. fixed interest, allotted to ICICI Bank Ltd., Reliance General Insurance Company Ltd., Canara Bank, and Royal Sundaram General Insurance Co Ltd. The NCDs are proposed to be listed on BSE Limited.
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GIC Housing Finance Limited filed this with the NSE as a statutory disclosure, categorised under fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by GIC Housing Finance Limited. Read the original for the full detail.