GIC Housing Finance Raises Rs 195 Cr Via NCD

GIC Housing Finance on 30th March said it has raised Rs 195 crore through issuance of non-convertible debentures (NCDs) to Aditya Birla

BY Realty Plus
Published - Thursday, 01 Apr, 2021

GIC Housing Finance Raises Rs 195 Cr Via NCD

GIC Housing Finance on 30th March said it has raised Rs 195 crore through issuance of non-convertible debentures (NCDs) to Aditya Birla Sun Life Mutual Fund on private placement basis. Pursuant to the authority accorded by our board 1,950 numbers of NCDs, having a face value of Rs 10,00,000 each at par for an aggregate amount of Rs 195 crore, issued on private placement basis," GIC Housing Finance said in a regulatory filing. The NCDs have been allotted to Aditya Birla Sun Life Mutual Fund and carry an interest rate of 6.94 per cent per annum.