Announced Mon, 29 Jun · 16:54 IST
Board approves NCD issuance on private placement basis
Fund Raising View source PDF
GICHSGFIN · price
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Price reaction · full curve 14 horizons · vs prior close
-1.7%1-day move
₹154.65
prior close
₹154.35
base price
After-mkt
timing
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+0.0-0.5-0.7-1.2-1.7-1.1+0.5-1.2-0.1-2.4-3.6———
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AI summary
GIC Housing Finance board approved a Key Information Document for raising funds via secured, listed, rated, redeemable, taxable non-convertible debentures on private placement basis. Further NCD issuance details including size and pricing will be disclosed at the time of actual issue during the year. The company already has multiple listed NCDs and commercial papers outstanding.
Likely market impact
Approval enables the company to raise debt funding through private placement of NCDs during the year, supporting its lending business.